Currencies Big Picture
Since the last currency update using monthly charts, Uncle Buck is turning a resistance level to support. This will be firmer with an August close above.
Euro broke down from a wedge we had been following by weekly charts after getting very close to a post-Euro crisis target at the big downtrend line.
Canada dollar remains bearish after failing at resistance as projected.
Aussie is and has been disgusting for a long time as well. When these commodity currencies broke down last year they formed thick caps of resistance.
The Yen is still below resistance and starting to curl down.
Swissy is meandering in a gentle uptrend.
The Rupee sure is volatile for a currency; volatile and bullish.