Amid volatile risk markets the Dollar was also shaken. Priced at 95.965 at time of writing the Dollar-Index is now capped between 95.60 and 96.60 with a slightly skew to the downside. The 95.60/50 support zone has now become even more important and Dollar bulls should watch it carefully.
EURUSD -- 1.1326
The next big resistance can be found around 1.1375/1.1400 and Euro looks a bit exhausted. Hard to tell what the next driver to the upside could be as Lagarde holds on to her loose monetary policy and Powell has given us hints for faster tapering. So far this should support Dollar but the price action will tell us. Below 1.1235 (low of yesterday) I advise to put the stop for longs.
GBPUSD -- 1.3314
The downward channel pattern still works very good. Sterling printed a new yearly low at 1.3195 yesterday with a point landing at the lower descending channel line. To gain more ground GBP has to reclaim the resistance zone around 1.3354/71 whereas a break of the lower support line could accelerate the downward trend.
AUDUSD -- 0.7156
Yesterdays Dollar run has also led to a new low for the year (0.7063) but bears have given up quickly. The former low of the year at 0.7106 has been reclaimed. If the spot rate can make it above 0.7170 a bigger relief rally could follow now.
Good luck,
Sebbo