Major currencies continue to lose against the dollar. On a week-by-week basis, we saw that the following:
- Make new lows – EURUSD, AUDUSD, GBPUSD, AUDJPY, EURGBP, EUDJPY
- Made new highs – USDJPY, USDCHF
- Stay in range – NZDUSD
Late week, we see EURUSD, GBPUSD, AUDUSD and the NZDUSD find support on thursday and friday. When trading begins next week, the validity of this support may determine direction for the next few days.
Finding support for NZDUSD. Next? Test of upside.
EURUSD also find support late week
