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G10 FX Holding Close to Best Levels of the Week vs. USD

USD
  • The Dollar is now more mixed in G10, after trending slightly in the green overnight, the Greenback is now mostly flat against the CAD, SEK, NZD, CHF, AUD, GBP and the EUR.
  • The NOK is up 0.40% following the Norway CPI beat, and the Yen is down 0.33%.
  • However, this does not provide a good FX picture, with most Currencies at their best levels against the Dollar for this week.
  • AUDUSD is once again testing that 0.6717 level noted on Monday.
  • A break above the latter, opens to 0.6733 76.4% retracement of the May 10 - 31 bear leg.
  • EURUSD is close to Yesterday's high at 1.0787, but resistance is now at 1.0817 50-day EMA values.
  • For Cable, upside target is at 1.2592 76.4% retracement of the May 10 - 25 bear cycle.

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