Forex Morning Briefing, Major Pairs
$DXY, $EUR, $JPY, $GBP, $AUD
Commentary: Nothing New. PE
The US Dollar (.DXY) Index at 93.33 is trading lower as expected but could be ranged within the 93-94 for the next 2-sessions.
EUR (Euro) at 1.1803 moved up to test 1.1825 as expected, and could dip to 1.1750 near term. Trade within 1.1730-1.1850 is seen in the coming sessions.
USD/JPY at 112.465 is trading in the 113.25-112.00 zone. As I mentioned Tuesday, the sideways consolidation may continue for now. And,thereafter a fall below 112.
Sterling (GBP) at 1.3194 could test at 1.3250-1.3300 while trading above 1.3100.
AUD (Aussie) at 0.7780 can test to 0.77, but at the same time prices are attempting a rise to 0.7850 too. Overall near term trade within 0.7850-0.77 is seen.
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