The USD is mixed. What technical clues are in play for the EURUSD, USDJPY and GBPUSD

The US dollar is mixed as the North American traders enter for the day. In the video above, I outline for traders the technical levels that are in play for the three major currency pairs – the EURUSD, USDJPY and GBPUSD. The USD is higher versus the EUR and the GBP, but lower vs the JPY.

Overnight, the RBNZ cut rates by 50 bps to 3.75% from 4.25%. It was the fourth consecutive cut. Yesterday the RBA cut for the first time in four years and the first time after 10 consecutive meetings of unchanged policy.