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USD remains at multi year/decade highs

FOREX
  • USD sees some early fade since the European cash open, but the Dollar remains King and still trade at multi year/decades high.
  • EURUSD tested parity , printed 1.0005 low.
  • USDSEK is off its high, but the pair did manage to test the next resistance that was seen at the 28/02/02 high, 10.7134, printed 10.7288 high overnight, now at 10.6436.
  • USDJPY continues to trend at highest levels since September 1998, although has failed to break yesterday's high overnight.
  • Resistance, is still at 137.75/138.00 High Jul 8 / Round number.
  • Cable has tested next support at 1.1846 0.764 proj of the May 27 - Jun 14 - 16 price swing, which has so far held, but still trading at lowest levels since March 2020.
  • It was a painful session for the Aussie yesterday, and the Currency is still under pressure (A combination of the USD bid, and Covid concerns in Asia) today.
  • Support are still eyed at 0.6700, followed by 0.6685 High Mar 9 2020.
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