Currency Strength Meter: 12th July
The currency strength meter shows us that the USD strength could be fading in line with the seasonal bias for July. The AUD, NZD, CHF and JPY were the strongest currencies last week and EUR, GBP, USD and CAD were the weakest. The JPY is one to watch for us as the currency has been consistently getting stronger and could continue this week.
Trending Pairs of the week:
USDJPY, EURJPY, GBPJPY, CADJPY.
Counter-trend Pairs of the week:
AUDUSD, NZDUSD, USDCHF.