USD has weakened as we were expecting a couple of weeks ago against almost all major currencies. It is now approaching levels where it should at least take a breath and probably pause.
GBP has been one of the best performers, adding 8.5% from October. It was under bears' control weeks ago. Now it is trading well high the 200MM. However the price range 1.3220 – 1.3330 represents an important obstacle.
EUR and AUD are facing trendlines after having given very positive signals technically. Most importantly, MM200 in both case is still negatively inclined (EUR/USD 1.1150 – 1,1180, AUD/USD 6.880 - 6.915).
USD/CHF looks quite interesting to me with some more space to the downside 9.760 – 97 area, trading at 9.825 below the MM200.
Below the DXY (Dollar Index) chart where you can draw your conclusions by yourself.
Stay Safe
