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USD Index Out Of Bearish Channel


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February 13 2017
Last week market seen some dollar strength against other currencies, but the move is not that strong yet. However, USD index traveled out of a 30 day downward channel which could finally put the buck back into bullish mode, within a context of a strong uptrend on higher time frame charts. As such, we think that USD could outperform other majors this week, even some commodity currencies such as NZD, while AUD and CAD could actually act quite well if oil and metals will continue to rise.

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EURUSD and USDJPY Intraday Video Feb 07 2017

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