EURUSD and USDJPY trades around 100 hour MAs

The US dollar has move higher after confident comments from Fed Chairman Janet Yellen about the US economy.

  • The USDJPY is trading at new session highs and has now broken above the 100 hour moving average at 113.92 (trades up to 114.03). The 100 hour MA is now risk for the longs.
  • The EURUSD has moved to new session lows and has also moved below the 100 hour moving average at 1.06446.
  • The USDCAD is trading even higher and is getting closer to the nnext key target against the 100 day moving average at 1.3267
  • The NZDUSD is down testing its 100 day moving average at 0.7148
  • The AUDUSD is trading at new lows and looks toward its 100 hour moving average at 0.75074. The 100 and 200 day moving averages are also nearby at 0.7501-04. Later in the new session the employment report will be released. The employment change is expected to rise 10K after a 39.1k increase. The unemployment rate is expected to remain steady at 5.7%.