The dollar has not rallied like I expected. Despite .9190 USDCHF holding, the dollar cannot find its legs and sustain a move higher. We are going into a Fed meeting tomorrow so things will get whacky, and according FXCM's Speculative Sentiment Index, retail traders are heavily long the dollar right now. So I do not like being long the dollar right now. But once the Fed is out of the way I will be looking to get long the dollar through AUDUSD GBPUSD shorts and/or USDCHF longs when the setups are right.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.
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