The dollar breaks the all important 92.64 level. That may mean the Dollar Index futures price at 90 or even worse at 81 and then below 78. Not easy times for the greenback ahead.
But that could have repercussions on everything.
GBP/USD, could bounce on the H4 1.4635 level to continue higher into resistance at 1.4887.
AUD/USD, sees a battle between weekly Algos shorts at 0.7750 and daily longs at 0.7544. Another important level to watch is 0.7690.
The EUR/USD is breaking, after 1 year above the highs of the consolidation that kept in a large lateral move. With the scenario unfolding in the Dollar Index, the possibility to push into 1.2230 is now real.
Silver has seen profit taking on H4, but longs are still solidly in control on the daily chart.
Great opportunities for shorts today in EURAUD and GBPAUD at resistance.
No hope, on the other hand for USD/JPY, which is going to trade into 105.65 and 102.45, helping price into the 100.70 known since the end of January.
