Trading to new lows vs all major pairs (sans the JPY)
The USD continues it’s move lower today. It is down the most vs the CHF and GBP. The EUR and AUD is not far behind.
The dollar is making lows vs. all the major pairs with the exception of the JPY with remains mired in a 27 pip trading range and near unchanged on the day (down -9 pips at the time of the snapshot). The other trading ranges are being extended toward their 22-day averages.
Looking at the USDCHF (the biggest mover today), the pair is moving below the 50% and a lower trend line at the 0.96267-29 area. The price is currently trading at 0.9620. It is breaking. Stay below those technical levels keeps the sellers firmly in control. A move above muddies the water a bit.