From the FXWW Chatroom: So moves this week polar opposite to last week. This time last week the DXY and Dollar were getting slammed before a sharp turn around…… All the banks were calling for a lower dollar….. Now we have seen a decent Dollar bounce from the lows and guess what all the Banks are now calling for a higher Dollar. Citi Tech have gone short Nzd/Usd and Eur/Usd. Now I dont disagree with the view of a higher Dollar but i find it amazing how they all just flip flop at the highs and lows. Based on that I feel we might see a small Dollar connection lower today to give better levels to establish Dollar longs. I would not be piling in here ala Citi
My prefered Dollar longs are against Gbp, Aud and Nzd. Looking for 1.4460 to sell Cable, 0.6785 to sell Nzd and 0.7370 to sell Aud.
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