The US Dollar looks poised to correct, as the index failed at its 50-day moving average.

Inversely, the Euro bounved off its 50-day and is set to test the 200-day at the 136 level.

The British Pound bounced off the 200-day MA on its way to establishing a new uptrend.

The Japanese Yen continued its downward march, after the Japanese central bank made it very clear that a weakened Yen is best for prosperity, no matter the cost.

The Australian dollar, a resource-based currency, is right at support. The movement of the US Dollar will influence what direction commodities, and in turn the Aussie dollar, take.