Tuesday, June 14, 2011

#USDx and Majors

USDx has a bearish MACD divergence present. Therefore, I believe price could drop towards the 74.00 and than pickup to the upside again. A small correction on the short term trend. For the majors, this will mean a short term appreciation on pairs such as EURUSD, GBPUSD, NZDUSD and AUDUSD.

Lets wait and see.

No comments:

Post a Comment