USD starting to look stronger but needs to break up against the EUR and JPY
- AUD/USD has managed to break back below strong technical support at .9520 and cable has formed a short-term topping pattern. But some of the other major pairs are still undecided.
- USD/CHF has some interesting support nearby between .8860/90 but if that breaks, dont be caught long.
- USD/JPY has been holding back above its 200-dma at 97.38 but a daily close below will seriously undermine the bulls argument.
- EUR/USD doesn’t seem to want to fall, despite all that’s happening around it.