I've been expecting the dollar to turn and come back down. I think it's finally coming looking at the overall picture metals, oil
, and bonds. Also, The NZDUSD
has negative divergence on the daily and is holding the big level of 0.70. The USDCAD
also closed as a bearish engulfing
pattern today, which suggest NZD/AUD strength. I'm expecting a move to 0.748 and then possibly 0.77. Stop lo is 0.70300.