Forex Morning Briefing

Forex Morning Briefing

$DXY, $EUR, $JPY, $GBP, $AUD

Commentary: USD gained traction on positive signs of inflation. PE

.DXY at 92.267 moved up, and may to be on course to test 92.5-92.75 the near term resistance on the 3-Day candles and 3-Day lines.

EUR (Euro) at 1.1971 broke below 1.20, which could now move down to Key support near 1.19-1.195, as the .DXY moves to 92.5-92.75.

USD/JPY at 112.58 dip from resistance near 113-113.25, and may test support at 112.50 on the daily candles. This could prove Key support, which would see a break if .DXY goes back below 92, which it may very well do in here.

Sterling (GBP) at 1.3579 trades in the narrow range of 1.35-1.36, and we have have to wait for a couple of sessions to get directional clarity.

AUD (Aussie) at 0.7858 is paused here, beyond the 200-Day MA on the weekly lines, and should be ranged between 0.78-0.786 for the next 2-3 trading sessions.

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.