US dollar takes a jump higher

The USD has dumped a bit higher in early US trading ahead of the initial jobless claims in Philly Fed business index for April.

EURUSD has broken away from it 200 are moving average near 1.09588 in trades down to 1.09328. The high price today reached 1.09778 which was short of the highest from Tuesday and Wednesday near 1.0983. The 100 hour moving average at 1.09644 just above the 200 hour moving average. Support down at 1.0925 and at the low for the week at 1.0908.

GBPUSD GBP/USD The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a The GBP/USD is the currency pair encompassing the United Kingdom’s currency, the British pound sterling (symbol £, code GBP), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one British pound. For example, when the GBP/USD is trading at 1.5000, it means 1 pound is equivalent to 1.5 dollars. The GBP/USD is the fourth most traded currency pair on the forex exchange market, giving it ample liquidity a Read this Term is cracking below it 100 hour moving average Moving average A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot A moving average is a statistical tool that is used to smooth out short-term fluctuations in data and reveal longer-term trends. It is calculated by taking the average of a certain number of data points over a specific period of time, and then plotting that average as a line on a chart. The most common types of moving averages are simple moving averages (SMA) and exponential moving averages (EMA).In financial markets, moving averages are often used to analyze stock prices, exchange rates, and ot Read this Term at 1.24187 and trading to a new session low. The trade today and yesterday have been above and below its 100 and 200 hour moving averages. The 200 hour moving average is up at 1.24361. The next support target comes against a swing area between 1.2388 and 1.2397.

USDCAD is trading to a new session high at 1.3487. The pair is testing the high of a swing area between 1.34805 and 1.34856.