The US$ has tested the key 100 level but the bigger test now will be to see how it performs from here. From a trading perspective, my algo has worked very well during the European and US sessions giving a high percentage of successful trades. FX Index divergence suggests that better trend trades using my algo are to be found off 30 min charts during the European and US sessions and that has worked a treat again overnight with over 500 pips on offer from just the 4 charts shown in this post.
USDX daily: has tested the 100 level but, what now?
EUR/USD 30 min: gave 130 pips and is back above 1.07. If the US$ retreats back below 100 then we may have seen the lows here:
EUR/AUD 30 min: gave 150 pips. Watch today with the RBA rate update:
EUR/JPY 30 min: gave 220 pips:
AUD/USD 30 min: gave 40 pips. Watch today with the RBA rate update: