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USDCAD TECHS

Retracement Extends

AUDUSD TECHS

Move Lower Likely A Correction

EURJPY TECHS

Approaching The 20-Day EMA

USDJPY TECHS

Gains Still Considered Corrective

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Broader base buying

USD
  • NOK is once again the worst performer against the USD, down 0.68%, a function of the broader base USD bid, as risk tilts to the downside.
  • WTI has also settled back towards $116.
  • USDNOK printed a 10.0739 high yesterday, which was the highest print since 22/05/20.
  • This will be seen as the initial resistance, ahead of the next Psychological level at 10.10.

Chart source: MNI/Bloomberg

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  • NOK is once again the worst performer against the USD, down 0.68%, a function of the broader base USD bid, as risk tilts to the downside.
  • WTI has also settled back towards $116.
  • USDNOK printed a 10.0739 high yesterday, which was the highest print since 22/05/20.
  • This will be seen as the initial resistance, ahead of the next Psychological level at 10.10.

Chart source: MNI/Bloomberg