Forex Morning Briefing, Major Pairs
$DXY, $EUR, $JPY, $GBP, $AUD, $CNY
Commentary: Word tensions continue between North Korea and USA. PE
Word tensions between North Korea and USA is threatening to break the uptrend in EUR (Euro) at 1.1860, and the downtrend in The US Dollar (.DXY) Index at 92.575.
It has also pushed USD/JPY lower to 111.64.
The support at 1.1890 mentioned Monday on the single currency has already been broken and see 1.1800 next. Then to 1.1750-10 to if 1.1800 is broken.
.DXY can rise to 93, but may not break above that mark.
USD/JPY at 111.64 broke below 112.00, will be ranged between 110.50-113.00 for a while.
EUR/JPY at 132.35 may dip to 131, negating an rise towards the 136 target mentioned Monday.
USD strength has weakened Sterling (GBP) at 1.3481, the rally to 1.38 in now a Q. See further decliner if supports at 1.3430-00 break.
AUD (Aussie) at 0.7943 strength is in Question, while the support at 0.79 holds we hold, let us see how it fares in here. The uptick in Gold at 1310 may a bit.
USD/CNY at 6.6209 has risen well past 6.61 target, and may move up to 6.65 soon.