US dollar continues its run higher. Greenback makes new highs vs EUR, GBP, JPY CAD and NZD

<p>The USD is continuing its run to the upside. The USD is making new highs versus the:</p><ul><li>EUR</li><li>GBP</li><li>JPY</li><li>CAD</li><li>and NZD</li></ul><p>The only currency the USD is not stronger against is the AUD today The AUD is the strongest of the major currencies. The EUR is the weakest. </p><ul><li>The USD is now 0.77% higher vs the EUR. In the process, it has now broken below its 100-hour MA and the 50% of the move up from the October 13 low at 1.0594 area. The low reached 1.0582 so far. </li><li>The GBPUSD is also breaking lower and is now trading below its 200 and 100-hour MAs at 1.2176 and 1.2167 respectively. </li><li>The USDJPY is back above its 100-hour MA at 149.808 and moves toward the 150.00 level. The price is at 149.884 currently</li><li>The USDCAD is now above a key swing area between 1.3735 to 1.3743 and looks toward the extremes for October up to 1.37848.</li><li>The NZDUSD just fell back below its 100-hour MA at 0.5838. Staying below that MA will keep the sellers in firm control going forward.</li></ul><p>As the USD goes higher, crude oil is moving lower. The price of crude oil is trading near lows at $83.11. The price is now within a key swing area between $82.35 and $83.32. </p><p>Move below that area, would increase the bearish bias and have traders looking toward the 100-hour MA at $80.60 (blue line on the chart below).</p><p>US rates have been somewhat steady despite the USDs run higher. </p><ul><li>2 year yield 5.114%, up 5.2 bps</li><li>5 year yield 4.831%, up 3.8 bps</li><li>10 year yield 4.858%, up 2.1 bps</li><li>30 year yield 4.993%, up 0.5 bps </li></ul>

This article was written by Greg Michalowski at www.forexlive.com.