DislikedThe most significant event of the current week is the fact that cable has changed the direction of the year for the second time thus making all the majors with the exception of the yen lined up in USD favour. It now seems highly likely that we have already seen the bottom on the buck for the entire 2010. AUD and CAD are preffered for establishing a longer-term short positions against the USD. Levels .7250-.7300 on AUD/USD and 1.17-18 on USD/CAD look like a "must" for the moment.Ignored
First off all it's a honor to see You back in this forum . I was wondering how do You predifine these "must" reach levels in case we will have dollar in a uptrend for this year. Is it somehow related to yearly range? Allso was looking to old monthly divergence targets whitch pointing the same price levels as You define, but as i inderstand they are allready filled...
Many thanks in advance!!