The USD is mixed in early New York after trading two-way and technical during the holiday shortened week. Traders note that a weak start to the week in Gold and Crude Oil is helping to support the USD overnight. Traders note the USD is holding roughly within existing ranges but that some stops were noted as the EURO and GBP crossed last weeks' opening range suggesting some technical trading continues in two-way action. Poor UK economic data pressured GBP in overnight action pushing the rate to a low print of 1.5010 in late European trade; traders note stops on a break of the 1.5120 area in size.

The USD continued to slide today after the release of benign US Q3 GDP estimates; traders note that early USD strength was stop-driven on low volume suggesting that the Greenback is running out of committed buyers as we head into a holiday shortened week. Analysts remind that year-end book-squaring will likely add a bit of pressure to the USD and technical factors are not positive after the turnaround seen the past 72 hours or so. Today's announcement by the US Fed that additional liquidity products will be available, most notably the purchase of commercial paper, sends a double-edged message to the markets.

Late rally with spillover from GBP clears all resistance; next level due around 1.3130 area or slightly higher. Possible reversal now in play but the rate needs to be firm within

Late rally extends to clear resistance—traders note aggressive bids across all pairs. Quiet corrective action in light trade overnight. Good bids reported but supply seen from semi-official names. Stops in range helps to pressure but support is on technical numbers around 1.5050 area.

Traders note solid two-way action with stops building above the market likely in the 1.5250 area and higher. Sellers hold control above 1.5100 area so far but how the rate trades into US news today will tell more. OK to buy if flat on a dip.