Flat, looking for USD-Long opportunities
Last week I got stopped out of an AUDUSD-short trade as I was early on my short-risk trade. Yet I still believe we're headed for lows after a shorter-term pullback in the USD. SSI continues to show that trading crowds are heavily net-long the USD, giving contrarian signal to go short. I'll respect that signal until we see compelling evidence of a lasting US Dollar bottom.
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