The USD has reversed course from the declines earlier today. Stocks which were higher at the beginning of the day have now reversed sharply to the downside. The NASDAQ index which was up 330 points at session highs is now down -732 points or -2.83%. The S&P index was up 77.43 points at session highs. It is now down -115 points or -1.56%.
For the US dollar is now mixed versus the major currencies, but well off the low levels for each of the pairs. What are the technical stories for some of those major currency pairs now.
In this video, I take a look at what the dollar’s reversal higher has changed the technical picture for the:
- EURUSD
- GBPUSD
- NZDUSD
- AUDUSD, and the
- USDCAD
