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US Dollar Pullback to Yield Buying Opportunities vs Major Currencies

US Dollar Pullback to Yield Buying Opportunities vs Major Currencies

Ilya Spivak, Head Strategist, APAC

Major Currencies vs US Dollar (% change)

(21 May 2012 - 25 May 2012)

US_Dollar_Pullback_to_Yield_Buying_Opportunities_vs_Major_Currencies_body_table.png, US Dollar Pullback to Yield Buying Opportunities vs Major Currencies

EURUSD: Upswing to be Used to Add to Short

USDJPY: Waiting for Confirmation to Get Long

GBPUSD: Looking for Rebound for Sell Setup

USDCAD: Correction to Yield Long Entry

AUDUSD: Short Trade Setup Sought on Bounce

NZDUSD: False Breakout on Trend Line Breach?

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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