the daily seems to be showing a pennant/triangle (never really been sure of the difference honestly)
could just be sleepy holiday traders here in the US still waking up I suppose, but it seems like more of a question whether carry traders want it lower or people dumping the commodity currencies want it higher (?).
“The rebound we’ve seen in the euro is purely a correction,” said Ian Stannard, an analyst in London at BNP. “We’ll soon head lower again.”
Fluctuation in the dollar and the euro prompted Russia to say it may add the Australian and Canadian dollars to its international reserves for the first time.
“Adding the Australian dollar is being discussed,” Alexei Ulyukayev, the central bank’s first deputy chairman, said in an interview at an event hosted by Bloomberg LP in Moscow yesterday. “There are pros and cons. We have added the Canadian dollar but haven’t yet begun operations” with the currency, according to Ulyukyaev.