The USD JPY was the only positive Dollar-based major currency. This pair is continuing the rally which began on Monday following a closing price reversal bottom at 91.73. The chart indicates a move to 94.36 to 94.98 is likely over the short-term.

The USD CHF is still trading inside of the major range of 1.0590 to 1.1020. This pair is currently pressing the bear side of a retracement zone at 1.0754.

The main trend is down in the USD CAD. The break through 1.1437 turned the trend lower earlier in the week. This pair easily penetrated a 50% retracement price at 1.1253. The charts indicate that a test of 1.1142 is likely over the short-run.

The AUD USD experienced a strong surge to the upside. The main trend will remain down until the last swing top at .8155 is violated. Gains are currently being limited by a retracement level at .8049.

The NZD USD picked up the rally from yesterday which turned the main trend to up. Early in today's trading session this market blew through a retracement zone at .6370 to .6422 fairly easily. This zone is now key support. The charts indicate that upside momentum is likely to take this pair to .6549 to .6590 before it meets more solid resistance.

There is no real strong economic news to report to rationalize the weakness in the Dollar. The "herd" just seems to be looking for higher yields and willing to sell the Dollar in search of better returns.