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Testing broader lows

USD
  • The USD is on the move, testing early intraday lows against the EUR, GBP, SEK, AUD, JPY, CAD, NZD, CHF.
  • Couple of quick tech to look out for, the USDSEK has now broken the December low that was at 10.1514, and the pair now trades at its lowest level since the 8th December.
  • Market participants will now look at the psychological 10.10, followed by 10.000.
  • For the AUDUSD, it has traded either side of 0.6700 since the end of February, and desks will be watching the upper end of that range at 0.6806.
  • NOTE: There's 2.75bn worth of option expiry at 0.6900 for Wednesday, if it gets there.

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