<p style=““ class=“text-align-justify“>The greenback continues to keep in a good spot so far today, maintaining its advance from Asia trading as we see a pause to the relief rally in broader markets. S&P 500 futures are down 17 points, or 0.4%, while 10-year Treasury yields are up over 6 bps to 3.89% currently and that is keeping the dollar in pole position in the major currencies space.</p><p style=““ class=“text-align-justify“>EUR/USD is down 0.7% to 1.0283 after backing away from its August highs at 1.0364-68 at the end of last week:</p><p style=““ class=“text-align-justify“>Buyers are still in control for the most part and it would really take a shove back below 1.0200 to invalidate a large chunk of the upside momentum from last week’s breakout post-CPI.</p><p style=““ class=“text-align-justify“>Elsewhere, USD/JPY is running up against key resistance at its 100-day moving average at 140.79 – the level noted earlier <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-climbs-back-above-14000-as-dollar-holds-firmer-to-start-the-week-20221114/“ target=“_blank“>here</a>. GBP/USD is down 0.7% to 1.1750 levels but still keeping just above its own 100-day moving average at 1.1653. That is the line in the sand in determining the key bias for the pair.</p><p style=““ class=“text-align-justify“>Meanwhile, AUD/USD is down 0.5% to 0.6665 after a brief recovery earlier in the session – which tailed off upon testing its own 100-day moving average as noted <a target=“_blank“ href=“https://www.forexlive.com/news/audusd-pares-early-drop-100-day-moving-average-in-focus-20221114/“ target=“_blank“>here</a>.</p>

This article was written by Justin Low at forexlive.com.