Forex Morning Briefing
$DXY, $EUR, $JPY, $GBP, $AUD, $CNY
Commentary: Nothing New. PE
The US Dollar (.DXY) Index at 94.78 has come down from an overnight high near 95.07.
EUR (Euro) at 1.1608) has recovered off of a low at 1.1580.
Note: the overall uptrend in .DXY is in force while trading above 94.50 and the overall downtrend remains in force on the single currency, while below 1.1620 and 1.1670. My targets are 95.50 on .DXY, and 1.1550-30 on EUR.
USD/JPY at 113.78 rose to 114.73 Monday morning but came off sharply, and may try to test to 113.40 over the next couple of days while trading below 114.50.
EUR/JPY at 132.16 has come down with USD/JPY. Look for a wide trading range of 131-134 ahead.
Sterling (GBP) at 1.3166 held above trendline support 1.3050 and moved higher. A test of 1.33 looks possible in here.
AUD (Aussie) at 0.7686 moved up from 0.7630, but looks mixed between 0.7630-7730 now.
USD/CNY at 6.6265 trading bit lower and could spend some time sideways within 6.61-65 for a few sessions this week.
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