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Showing in the red against G10s

USD
  • Although the USD is showing in the red against G10, overall the Dollar is deep in the green against all G10s over the past month.
  • EURUSD has traded in a 104 pips range for the past 4 sessions (1.0600/1.0704), but remains closed to that yesterday's low at 1.0600, also the lowest print since the 6th January.
  • Immediate support is at 1.0600/1.0597 (1.0% 10-dma envelope).
  • A break below the latter would opens towards 1.0572.
  • Best performer in G10 is still the Kiwi, but NZDUSD is still short of this week high at 0.6262, printed a 0.6251 high overnight.

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