<p style=““ class=“text-align-justify“>The dollar is struggling across the board today but this looks to be more of a breather to the recovery that started since the latter stages of last week. The mood in the greenback is rather sluggish amid a lack of key drivers, with bond yields also slightly lower today. If you look back to my post yesterday <a target=“_blank“ href=“https://www.forexlive.com/news/the-tide-is-turning-back-in-favour-of-the-dollar-again-20221121/“ target=“_blank“>here</a>, the levels for the dollar are slightly lower but the key technical developments are still holding.</p><p style=““ class=“text-align-justify“>Let’s take stock of the situation for some of the dollar pairs currently.</p><p style=““ class=“text-align-justify“>EUR/USD is up 0.3% to 1.0270 but keeping with the rejection of the 200-day moving average and staying below both its 100 (red line) and 200-hour (blue line) moving averages. That keeps sellers in near-term control unless buyers can look for a push back above the key levels above, now sitting at 1.0304 and 1.0328 respectively.</p><p style=““ class=“text-align-justify“>USD/JPY is down 0.6% to 141.20 but having just broke away from its recent consolidation phase in a push above its 100-day moving average, now seen at 141.06. That also saw buyers seize back near-term control amid a push back above the 200-hour moving average (blue line) and we are seeing the near-term bias stay more bullish for now.</p><p style=““ class=“text-align-justify“>The confluence of the key hourly moving averages at 140.45-55 is still keeping buyers interested and poised for a recovery push.</p><p style=““ class=“text-align-justify“>Likewise, AUD/USD is also keeping a retreat back below its own 100-day moving average, now seen at 0.6689. The near-term bias is also more bearish now amid a push back below both the 100 (red line) and 200-hour (blue line) moving averages and price is staying below that even though the pair is up 0.6% to 0.6640 levels.</p><p style=““ class=“text-align-justify“>The confluence at 0.6671-76 will continue to keep dollar bulls interested after the recovery in recent sessions.</p>

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