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USDCHF weekly (top) and daily candlestick charts in two panels

Which currency pairs are first movers in a USD ‘recovery’?

USD could be due for a short term recovery since DXY has been supported for two months or more. An inspection of major USD pairs since DXY bottomed on 16 February 2018 reveals USDCAD and USDCHF to be early movers. USD long positions in these pairs could outperform others if DXY retraces higher from here.

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For now DXY pendulum has swung the other way

DXY appears to be weakening and in danger of breaking out of channel. USDCAD is falling out of 4-month consolidation so WTI is concurrently strengthening.

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