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Dollar trades at the lows versus the major currencies


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All at the day extremes.

The USD is the weakest currency of the majors, with the largest % changes vss teh AUD and the NZD.

Looking at the changes and ranges, the dollar is also trading near the extremes for each of the major pairs.  All the pairs below are near lows or highs.  

For the GBPUSD, the pair moved above the cluster of resistance at the 1.2800-17 area and shot higher on the break. The pair looks toward the 38.2% of the move down from the November 14 high at 1.2855.

 The USDJPY is back down retesting the session lows. The 100 hour MA and 38.2% at 113.37 area is the next key target.  

The EURUSD looks toward the 61.8% at 1.1393.  

For the AUDUSD (the AUD is the strongest currency of the day), the price is quickly moving toward the November high (see daily chart below).  That high comes in at 0.7337.  A move above take the price to the highest level since August. The 200 day MA at 0.74229 would be a longer term target for the pair on more momentum. The 0.7311-37 is a swing area that needs to be broken (yellow area in the chart below). 

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