Strategy Video: EURJPY, GBPCAD, AUDNZD and Other Interesting Crosses
• The dollar-based 'majors' are the most heavily traded FX pairs, however they have their shortfalls
• Different views and a separation from USD influence can make for interesting setups amongst the 'crosses'
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While EURUSD and GBPUSD continue to march lower, momentum has drained as the trend has set in. Looking amongst the crosses, there are setups that present very different activity levels, technical patterns, sensitivities to key fundamental themes (like risk trends and rate forecasts) and a means to untether from a complicating USD. In today's Strategy Video, we look at crosses that range in familiarity and run through their technical and fundamental backdrops.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.