USDCAD near unchanged on the day in a up and down day
Topside trend line at 1.3556. Swing area below between 1.3504 and 1.3520
Technically, the initial moved to the downside stalled near the top of a swing area going back to June 16 at the 1.3520 level. The bottom of that swing area comes in around the 1.3504 level (See yellow area and red numbered circles) .
June 16 and June 23 highs at 0.69735 to 0.69758
The AUDUSD is trading higher on the day and in the process is above the swing highs from June 16 and June 23 at 0.69735 and 0.69758. The high price reached 0.69808. The currently price is back testing that swing area at 0.6974. Can the buyers hold
GBPUSD rotates to trend line support on the hourly chart and bounces
Price could not extend to the high from last week
The GBPUSD could not extend to the high price from last week at 1.25291 nor to the high swing area from June 23/June 24 between 1.2531-1.25413. The high price reached 1.2519.
Up nearly 2% on the day
the NASDAQ index has extended to a new session high and is up over 200 points at 10408. The high price just reached 10411.72. The index is up 1.97%. All time new intraday highs.
Florida Covid cases rise by 3.2% vs. 7 day average of 5.1%
Florida Covid cases
- Florida Covid 19 cases rise by 3.2% vs. 7 day average of 5.1%
- total cases reach 206,447 vs. 200,111. The rise is 6336 cases.
Florida reported 10,059 cases yesterday after a record 11,458 on Saturday.
EURUSD backs off after getting close to June 23 high
High reaches 1.1345
The EURUSD reached toward the June 23 high at 1.1348 (and the high from June 16 at 1.13527), but stalled at 1.1345. The price has pushed lower. The better ISM data finally made traders think "A stronger recovery may be a reason to BUT the USD". Market stories can change, but technically, the
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