The problem exchange rates in today's markets are located within anchor currencies as EUR/USD, GBP/USD, AUD/USD and NZD/USD. The current prices are fa
, GBP/USD, AUD/USD and NZD/USD. The current prices are far to low and all are responsible to drive markets and to create wider trade ranges. All suffer the effects of a higher DXY over the past 9 weeks.
EUR/AUD correlates to EUR/USD at - 49% and -93% to AUD/USD. EUR/AUD's price is completely lost and trades without an anchor connection. The difference today is USD/JPY owns the JPY cross pairs as opposed to past months when USD/JPY shared a fairly 50/ 50 USD/JPY trades this week from low 149.00's to middle 146.00's. Middle 146.00's are blocked as the strategy is trade the 146.00 to high 148.00's ranges.
EUR/JPY long term targets are found at 153.18 and 146.56. The 153.18 target trades between the 100 and 200 day averages.
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