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The USD has moved to new session highs vs the EUR, JPY and CHF.

EURUSD: The EURUSD finally showed some additional downside momentum and has increased the day's trading range in the process, the range is up to a more respectable 53 pips (was only 26 pips at the start of the NY session). The average over the last 22 trading days (about a month of trading), is 65 pips. The low has reached 1.18552 so far. The swing lows from June 18 to June 21 come between 1.18452 to 1.18507.

USDJPY: The USDJPY is up testing the topside trend line on the hourly chart. The high for the week at 110.978 would be the next target on a break to the upside. Earlier the price moved above the 200 and then 100 hour MAs (green and blue lines) as buyers retook control from a bearish tilt earlier in the day (below the MAs).

USDCHF: The USDCHF moved above the June18 high at 0.92385 and has continued higher reaching 0.92573. The next key target comes in at the 61.8% retracement of the trading range since the April 1 high. That comes in a 0.92632

Close risk for the pair is now between 0.9231 and 0.92385 (see hourly chart below). That represents the swing highs going back to June 18 (see red numbered circles).

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