The US dollar is trucking to the upside…Greenback moving higher. | Forexlive

The USD is moving to the upside. Rates are not necessarily helping, but stocks are moving lower and there is some technical breaks in the major indices:

EURUSD: The EURUSD is moving to a new session low and looks toward the low of a swing area between 1.0573 to 1.0615. The low has reached 1.0576.

Looking at the hourly chart, more momentum will have traders looking toward the lower channel trend line. That comes in at 1.0551 now.

NZDUSD: The NZDUSD is moving below and interim support target between 0.6208 and 0.62105. The low from yesterday at 0.6197, and the low from last week at 0.61929 are the next targets. Below that are the near converged 200 and 100 day moving averages above and below 0.6181.