The ECB kept rates and their QE programme unchanged, as expected by the market, but maintained their easing bias. This put the Euro under pressure again. EUR/USD fell from 1.0920 to a low of 1.0857 in Asia. Key support is now seen at 1.0780, followed by the weekend gap at 1.0730.
Meanwhile, the Pound is showing strength again, also party driven by strong cross flows (GBP buying against commodity currencies). GBP/USD broke above 1.29 resistance and should test 1.30 soon. Further gains beyond that seem likely in the near-term.
The USD/JPY rally has paused. Overnight, the pair consolidated in a 111.10-35 range. Should it break below 111 support, a retest of 110 seems likely. Overall, the downtrend is still alive, and the technical outlook for the pair negative.
NZD/USD is under a lot of pressure. It broke below key support at 0.6860, which suggests that losses will extend to at least 0.6670 in the near-term.
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