The USD dollar is coming under pressure across the board. The dollar is making new lows against all major currencies except the JPY, but that pair is also falling sharply.

EURUSD: EURUSD has just moved above the swing area between 1.08950 and 1.0908. Another target comes against the 61.8% retracement of the move down from the April high. This level is 1.0919. Above that, another swing area between 1.0933 and 1.0942 would be targeted.

GBPUSD: GBPUSD has broken above the swing area on the daily chart between 1.25987 to 1.26798 and is extending towards a 61.8% move down from the 2021 high at 1.27605. The high price so far has reached 1.2743. The pair is trading at its highest level since April 26, 2022.

USDCHF

USD/CHF

USD/CHF is a currency pair comprising the United States Dollar (symbol $, code USD) and the Swiss Franc (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed to buy one US dollar. For example, when USD/CHF is trading at 1.2500, it means that 1 US dollar is equal to 1.25 Swiss francs. The US dollar (USD) is the most traded currency in the world, while the Swiss franc (CHF) is the sixth most traded currency in the world,

USD/CHF is a currency pair comprising the United States Dollar (symbol $, code USD) and the Swiss Franc (code CHF). The pair’s exchange rate indicates how many Swiss francs are needed to buy one US dollar. For example, when USD/CHF is trading at 1.2500, it means that 1 US dollar is equal to 1.25 Swiss francs. The US dollar (USD) is the most traded currency in the world, while the Swiss franc (CHF) is the sixth most traded currency in the world,
Read this term: USDCHF is trading at its lowest level since May 22nd. Price tests 61.8% and swing area at 0.8944 and 0.8940 to 0.89472

USDCAD

USD/CAD

USD/CAD is a currency pair comprising the United States dollar (symbol $, code USD) and the Canadian dollar of Canada (symbol $, code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed to buy one US dollar. For example, when USD/CAD trades at 1.3500, it means that 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the most traded currency in the world, while the Canadian dollar (CAD) is the seventh most traded currency in the world.

USD/CAD is a currency pair comprising the United States dollar (symbol $, code USD) and the Canadian dollar of Canada (symbol $, code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed to buy one US dollar. For example, when USD/CAD trades at 1.3500, it means that 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the most traded currency in the world, while the Canadian dollar (CAD) is the seventh most traded currency in the world.
Read this term: USDCAD is trading at fresh 2023 lows, matching the early February low of 1.32613. The lowest price is 1.32515. Looking at the daily chart, the next downside target comes in the swing area between 1.3207 to 1.32299 (see red numbered circles).