Forex Special A much higher tolerance for riskier practices sparkled a renewed optimism to push risky assets higher. Investors were involved in a race to catch the ongoing bullish momentum. As a result, USD and JPY drifted to losses against its rivals.
EUR/USD is printing new daily highs and is just a few point away from hitting 1.2600 area. GBP/USD recovered 1.5200 mark, after rebounding strongly from 1.5082 lows. AUD/USD had an impressive surge from lows and is now threatening 0.8500 level. USD/CAD retreated from highs an fell capped by 1.0600
In connection with the Japanese crosses, USD/JPY flew higher approaching 88.00, after trading lower at 87.40 earlier on. EUR/JPY was driven up to hit a 1-week high at 110.74. GBP/JPY also marched up halted at 133.60 level. AUD/JPY soared to make a new daily high at 74.63 area.
AUD/JPY (Jul 06 at 11:22 GMT)
74.65/69 (1.35%)
H 74.735 L 72.72
74.65/69 (1.35%)
H 74.735 L 72.72
| S3 | S2 | S1 | R1 | R2 | R3 |
| 74.0877 | 74.2738 | 74.4600 | 74.5800 | 74.7665 | 74.9529 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Jul 06 at 09:13 (15-minute timeframe) | |
