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.

usd

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.

xeu

Canada dollar remains bearish after failing at resistance as projected.

cdw

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.

xad

The Yen is still below resistance and starting to curl down.

xjy

Swissy is meandering in a gentle uptrend.

xsf

The Rupee sure is volatile for a currency; volatile and bullish.

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