The greenback practice continues to march on

All aboard now. The greenback practice is marching ahead on the session, stretching positive aspects throughout the board. The post-election momentum continues to play out and it is nonetheless not the time to be guessing the highest simply but. EUR/USD is now down zero.5% to 1.0508 because it corroborates with the inevitable pull in the direction of 1.0500.

As talked about within the linked publish above, that is the place the true check is available in for the pair as we glance in the direction of the tip of this week. EUR/USD has been kind of caught inside a variety of round 1.0500 to 1.1200 for the reason that begin of 2023. So, this makes the newest draw back shove a serious one to observe as value reaches a important technical juncture.

In addition to that, USD/JPY is as soon as once more buying and selling again above 156.00 to 156.20 now. Then, we have now GBP/USD slumping to its lowest since July – down zero.5% to 1.2635 at present. AUD/USD can also be feeling the stress as it’s down zero.5% to zero.6455 at present and poised for its lowest each day shut since April.

This text was written by Justin Low at www.ubaidahsan.com.



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