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Dollar selling continuation

USD
More USD selling momentum, helps Cable clear through 1.3600.
  • USD test low of the session against GBP, AUD, CAD, ZAR and MXN.
  • MNI tech, next immediate resistance in AUDUSD comes at 0.7677 High Jun 6, 2018

Recall: MONTH END FX:

  • Citi FX: Dec month-end points to moderate USD sales into the final month-end fix of the year
  • Barcap FX: The passive rebalancing model points to strong USD selling versus majors at month-end. The signal is moderate against the EUR."

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