It’s been a pretty brutal backdrop for the US Dollar so far in Q3; and while this is along the lines of what was being looked for in the Q3 technical forecast, the force and speed with which the US Dollar has sold off is likely taking many by surprise. This morning sees the US Dollar push down to an even fresher two-year-low but, curiously, USD/CAD has spent much of today going in the opposite direction with the pair popping by as much as 130 pips until a key zone of resistance could come into play. This somewhat syncs with earlier week price action as breakouts were running wild in USD-pairs such as EUR/USD and ... (full story)