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Dollar taking its cue from Risk price action

USD

Continued reversal in the USD, led by the risk on tone.

  • USD now test session low against EUR, GBP, AUD, CAD, ZAR, RUB and CZK.
  • Next MNI tech support in USDCAD comes at 1.2688 Low Jan 25
  • Cable is once again testing that big resistance area at 1.3700-1.3750, now at 1.3700.
  • Decent selling interest has been noted into year end and this year there.
  • Recall, attention turns to UK border decision, expected sometimes tonight, but no set times, as other newspapers suggest that we may not have a announcement today

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