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Greenback not giving back anything yet - FXStreet

FXStreet (Barcelona) - Valeria Bednarik notes that the dollar starts the week maintaining the positive tone seen after Fridays’ strong employment figures, forcing those looking for a due correction to capitulate.

Key Quotes:

“The EUR/USD has been on the selling side pretty much since July, accumulating 12 weeks of losses and leaving the weekly RSI at 15, something that does not seem to bother investors, still positioned short”.

“With a holiday in Australia, market is thinner than usual at the opening, with most majors stuck in 10 pips ranges. China is also on holiday today, leaving the calendar pretty empty from market movers and delaying action probably towards European opening”.

AUD/USD at the edge of the cliff

AUD/USD is trading at 0.8658, down -1.64% on the day, having posted a daily high at 0.8808 and low at 0.8647.
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Greenback not giving back anything yet - FXStreet

Valeria Bednarik notes that the dollar starts the week maintaining the positive tone seen after Fridays’ strong employment figures, forcing those looking for a due correction to capitulate.
Read more Next
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