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Leads FX pairs

USD

EURUSD is through new low, but more of a USD function, on tactical long.

  • Helped by the continued rally in US yields and inflation expectations.
  • The EURUSD move is pushing EURCAD, EURNOK, EURAUD, EURCNH, EURJPY lower
  • DXY, EUR most weighted hovers at session high.

Quick MNI techs:

  • EURUSD support 1.1976 50.0% retracement of the Nov 4 - Jan 6 rally
  • GBPUSD support 1.3576 Low Jan 19
  • USDJPY resistance 105.34 Upper 3.0% Bollinger Band

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