The US dollar declined this week following its strong advance the prior week. Is the decline a consolidation of gains or the beginning of the next leg of USD weakness. The EURUSD and AUDUSD have held their respective channels but the NZDUSD has broken its well-defined channel that had held since March. 1.5060 and 1.4625 are the longer term pivots for the EURUSD.
This post was written by Jamie Saettele on Friday, November 6, 2009, 16:09. Jamie Saettele has written 207 posts on this blog.
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