USD − From Zero to Hero

Pierre Charlebois from Trading Metro at 12/21/09

The last two weeks the USD has gained extremely well and seems to have signaled an overall trend change. Having said that, the strong move is due for consolidation/correction so use caution this week with thin volume ahead of the Holidays. Have a happy Season all and I will see you in the  New Year.

 USD Index - Correction due/coming?

EUR/USD - Consolidating?

GBP/USD - Still making a series of corrective looking moves - Direction unclear

USD/CHF - Correction/consolidation due?

AUD/USD - Down trend looks weak

NZD/USD - Not a convincing trend here either

USD/CAD - Stuck in a range - Anything can happen

EUR/JPY - Surprisingly quiet - But the short term trend points up