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FX Weekly Report
The FX Weekly Report provides the latest, in-depth forex technical analysis about the FX market each week. By Pierre Charlebois.

Will USD strength continue through to next year?

December 27, 2009 at 7:57 pm • Posted in fxweeklyreport

The move by the USD on the index and against the EURO is impulsive looking. A pull back is due however medium term USD strength is likely to continue.

USD Index – Impulsive looking move up – Re-tracement due.

USDindex_Dec_27_09

 

EUR/USD – Impulsive looking – Are 5 wave down complete? Or is there a thrust left to come prior to a larger retracement?

EURUSD_Dec_27_09

 

GBP/USD – Still very corrective looking – Re-tracement possible

GBPUSD_Dec_27_09

 

USD/JPY – Room for more upside

USDJPY_Dec_27_09

 

USD/CHF – Consolidation expected

USDCHF_Dec_27_09

 

AUD/USD – Looks like consolidation is due on this pair as well

AUDUSD_Dec_27_09

 

NZD/USD – Pattern not clear – Upside possible

NZDUSD_Dec_27_09

 

USD/CAD – Very unclear pattern – CAD has held surprisingly well against the USD

USDCAD_Dec_27_09

 

EUR/JPY – Still range bound

EURJPY_Dec_27_09

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