The greenback is king with the EURUSD buying and selling to the bottom degree since 2002. The GBPUSD traded to the lowet degree since 1985. The AUDUSD, NZDUSD and the NZDUSD traded to the bottom degree for the reason that 2020 pandemic plunge. Even the USDCHF rallied regardless of the 75 foundation level hike. The USDJPY rebounded Friday and is again at impartial quick time period technical ranges even after a BOJ intervention this week.
The development to the upside within the USD is powerful however corrections could be brutal. So I have a look at the technicals which may take a few of the tarnish off the buck within the new buying and selling week. It is very important know the development, however it is very important know the enemy as nicely. The enemy is a technical bounce.
The pairs I have a look at technically within the video, and the beginning instances for every:
EURUSD 8:55GBPUSD 12:22USDJPY 15:30USDCHF 18:00USDCAD 20:00AUDUSD 22:11NZDUSD 24:22
