Trading crowds continue buying the US Dollar versus the Euro, but a shift against the Australian and Canadian Dollars has led our sentiment-based strategies to buy the resurgent USD.
View individual currency sections:
EURUSD - Trading Strategies Go Long EURUSD
GBPUSD - British Pound Rallies May be Sold
USDCHF - Swiss Franc Forecast to Fall Further
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
Our proprietary sentiment-based trading strategies continue selling the US Dollar versus the Euro (buying EURUSD), but key reversals in the AUDUSD and USDCAD suggest that we could see a more substantive shift in US Dollar trading.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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