– US Dollar stops and reverses, may fall further versus Euro, Sterling, Yen
– Australian and New Zealand Dollars nonetheless may underperform
– See full analysis below in individual currency sections
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View individual currency sections:
EURUSD – Euro Sets Potentially Significant Low versus US Dollar
GBPUSD – British Pound May Rally Further versus USD
USDJPY – Danger Grows of Larger Correction in USDJPY
AUDUSD – Australian Dollar No Longer a Clear Sell versus Greenback
NZDUSD – New Zealand Dollar Gains May Slow
GBPJPY – British Pound at Risk of Break Lower versus Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar has stopped and reversed at major price levels. We see evidence the Greenback may continue lower versus the Euro, Sterling, and Japanese Yen.
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
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— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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