We expect to see the dollar trade down to sideways for the next two days. The markets are very confused right now, and we don't have the time to explain the expose. It's the same repeated news and data points we are hearing everyday, no real material change. The big question is whether or not the market will bite on the data and put in a cyclical top for the equity markets, if we start to show any signs that there may be new highs in the mix, we believe the dollar will, short term, lose it's momentum here. But that is pure theory and speculation, for now - stick to the charts.
short, we are holding this, as linked below. We are hoping 1.07 holds regardless of what happens here. If it doss not, we will re-enter shorts at higher prices. Our kiwi short that we cut early was a good call, currently we are hunting for new shorts in the pair as it has popped on housing data that is nothing more than a volatility
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