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Broad USD weakness suggests seller of DXY

By   || March 17, 2010 at 16:29 GMT
|| 8 comments || Add comment

New lows have been seen in USD/CAD in the last few minutes while USD/JPY has dropped out of the base of their range. EUR/USD and GBP/USD are rebounding from US lows. AUD/USD is near its highs…taking it all in, it looks like someone dropped a chunk on the US dollar index…Just a guess on my part…

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8 Responses to “Broad USD weakness suggests seller of DXY”

  1. Bear on March 17th, 2010 16:41 GMT

    Not really, sellers reemerged after a failure at sup now turned resistance around the 80.00 level. 79.88 last.

  2. simao4 on March 17th, 2010 17:04 GMT

    hello Jamie, how is today with you? can you tell me the down level can reach this pairs in your view ; EU GU and GJ ? and thnx Jamie

  3. Fisherman on March 17th, 2010 17:11 GMT

    70 p to parity USDCAD! Woohoo.

  4. Zeke on March 17th, 2010 17:39 GMT

    AUDUSD is about to hit its head on the TL drawn from the NOV/JAN highs. I wish for showers of pips to rain upon those who’ve been lucky enough to surf the risk wave :) I hope it’s over soon though so I can at least get a decent entry either way! I’m thinking wait for the S&P to retest 1150 and see what happens. My USDCAD trade went south & I’m realizing that I should only initiate long USD positions right after Helicopter Ben talks. ;)

  5. Iman on March 17th, 2010 18:03 GMT

    You know, DXY has broken its daily ascending trendline from December lows so it’s not impossible someone has put a bearish bet on it…

  6. lilac on March 17th, 2010 18:32 GMT
  7. Zeke on March 17th, 2010 18:44 GMT

    I’m not touching a thing right now Lilac, for all I know the quoteboards are green just for good ol’ St. Pat ;)

  8. lilac on March 17th, 2010 18:49 GMT

    Well after the number one cut you could paint your head green too just for good measure ;)

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