{"id":1717,"date":"2021-08-13T12:19:23","date_gmt":"2021-08-13T15:19:23","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1717"},"modified":"2021-08-13T12:19:25","modified_gmt":"2021-08-13T15:19:25","slug":"usd-extends-lower-with-the-usdchf-the-biggest-mover","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/08\/13\/usd-extends-lower-with-the-usdchf-the-biggest-mover\/","title":{"rendered":"USD extends lower with the USDCHF the biggest mover"},"content":{"rendered":"\n

EURUSD extends the narrow trading range for the week.<\/h2>\n\n\n\n

The USD has\u00a0trended\/extended lower after the\u00a0what we can expected Michigan consumer sentiment. The\u00a0biggest mover is the USDCHF. The\u00a0dollars decline verse the CAD is little changed as the loonie and USD follow each other today.\u00a0<\/p>\n\n\n\n

\"EURUSD<\/figure>\n\n\n\n

EURUSD. The EURUSD\u00a0trading range for the week was at 63 pips coming into the day. The last seven hours has seen a\u00a062 pip trading range and in the process\u00a0extended the range for the week to\u00a0a more respectable 85 pips. Even so, the range is\u00a0still near the lows seen over the\u00a0last two years of trading (the low range for a week was around 76 pips).
The\u00a0moved to the upside has taken the price above the 200 hour moving average and 38.2% retracement near 1.1782.\u00a0\u00a0Stay above that level and the buyers remain in control in the short term at least. The\u00a0price is currently trading at 1.1791. The\u00a0next target comes in near 1.1802 to\u00a01.18067 (highlighted by the 50% retracement at 1.18067).<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

USDJPY: The USDJPY\u00a0moved below its 200 hour moving average and 38.2% retracement, and the\u00a0swing low from August 9 all around the\u00a0natural support level at 110.00. The\u00a0price has trended down to a low of 109.84. The next\u00a0key target comes in at the 50% of the August trading range near 109.756.\u00a0\u00a0Just below that level is the 100 day moving average at 109.675.\u00a0\u00a0
For traders,\u00a0stay below 110.02 keeps the bias in the direction of the shorts\/sellers.\u00a0<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

GBPUSD: The GBPUSD\u00a0moved above its 100 hour moving average at 1.38406 and a swing area between 1.38406 and 1.38435. The\u00a0high price reached 1.3852. A doubts open trendline connecting highs from August 5, August 11 and August 12 on the hourly chart cuts across at 1.3858. The 38.2% retracement of the move down from the July 30 high comes in at 1.38637 and eight 200 hour moving average is moving down to 1.38726.
Close risk for the buyers now comes in at the 100 hour moving average.\u00a0\u00a0Recall from yesterday, the price moved below that level retested that before moving sharply to the downside.<\/p>\n\n\n\n

\"USD<\/figure>\n\n\n\n

USDCHF: The USDCHF is the\u00a0biggest mover today and is approaching the 38.2% retracement of the August trading range at 0.9156. The rising 200 hour moving average is not far from that level at 0.91478.\u00a0\u00a0Finally the 100\u00a0day moving averages at 0.91338.\u00a0 The range for the day’s at 79 pips. That is well above the 53 pip average (151% of the normal range).\u00a0 Traders\u00a0may stick it on the water between the 200 hour moving average and 38.2% with stops below<\/p>\n\n\n\n

\"USDCHF<\/figure>\n\n\n\n

USDCAD: The USDCAD is\u00a0testing a trendline near 1.2504 and below that a\u00a0swing line at 1.2500. The pair has been less trendy than the other currency pairs vs the USD but is\u00a0still reaching a new low for the day. The range is only 27 pips vs the\u00a022 day average of 82 pips.<\/p>\n\n\n\n

\"USDCAD\"\/<\/figure>\n\n\n\n

Source:https:\/\/www.forexlive.com\/technical-analysis\/!\/usd-extends-lower-with-the-nzdusd-the-biggest-mover-20210813<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

EURUSD extends the narrow trading range for the week. The USD has\u00a0trended\/extended lower after the\u00a0what we can expected Michigan consumer sentiment. The\u00a0biggest mover is the USDCHF. The\u00a0dollars decline verse the CAD is little changed as the loonie and USD follow each other today.\u00a0 EURUSD. The EURUSD\u00a0trading range for the week was at 63 pips coming […]<\/p>\n","protected":false},"author":2,"featured_media":1109,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1717","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1717"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1717\/revisions"}],"predecessor-version":[{"id":1718,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1717\/revisions\/1718"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1109"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}