The tide swings around
The dollar has took a turn to the upside.
EURUSD
The EURUSD found support against the 200 hour MA and 100 day MA at the 1.1213-19. The buyers turned to sellers in the last minutes pushing the price down to the lows for the day and near the 100 hour MA at 1.11659. The 200 bar MA on the 4-hour chart and 50% of the post Brexit is at 1.1158. Key area too.
GBPUSD
The GBPUSD fell back below the broken trend line at 1.3328 and stops were triggered..
USDJPY
The USDJPY moved above the 104.00 level. It is also getting a push from JPY crosses. The GBPJPY is on fire. EURJPY is also trading new highs. With the EURUSD and the GBPUSD moving lower, that means the USDJPY is carrying the load. It pushes higher.
The data is all out. The ideas for Fed continue to come in. The stock market is in play. The holiday weekend is ahead. The London fix and the the London /European close can increase volatility.
AUDUSD, NZDUSD and USDCAD also all moved higher against the dollar....
The AUDUSD fell below it's 200 hour MA at 0.7574.
The NZDUSD has tumbled back toward the 200 hour MA at 0.7274
The USDCAD moved above the 200 hour MA. It did finds sellers against the 200 bar MA on the 4-hour chart as outlined in the prior post.....
Jan Hatzius (Goldman Sachs) comments (as reported by Adam!) are having an impact. He is speaking on CNBC now with the 55% highlighted on the screen.