Asia likes the look of the USD again
USD/JPY is testing 100.00 again, AUD/USD is back at short-term support levels near .9170 and EUR/USD is below 1.3100. Asia obviously heard something bullish in Mr Bernanke’s testimony and has been happy to buy dollars all day. Movements have been slow but steady in one direction and dealers say that turnover has been healthy.
On the technical side, we have a new resistance at 100.50 (76.40 fibio + July 15th high) — see 4H chart :
http://img16.imageshack.us/img16/5350/6z32.jpg