Dollar’s rally seems to be finally picking up momentum after stronger than expected ISM services and new home sales. EUR/USD breaks 1.1316 minor support and should be heading back to 1.1215 low. USD/CHF also breaks 1.0024 and should be targeting 1.0098 resistance. USD/CAD also breaks 1.3340 resistance earlier today which indicates near term bullish reversal. Attention will be on 0.7054 support in AUD/USD to align dollar bullish outlook. At this point, Yen is the second strongest, followed by Aussie. New Zealand Dollar is weakest, followed by Sterling.
