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| | | | DailyFX Delivered To You: Daily Technical Analysis Article Thank you for signing up for DailyFX research. Please see below for today's Technical Analysis: - AUD and NZD Trading Levels and USDJPY Yield Differential Record
US traders return from the Memorial Day to a sizeable bounce in ‘risk’ (USD drop, especially against the AUD and NZD). The bounce probably composes the beginning of a larger and much needed correction. My trading plan then will focus on being long risk FX (AUDUSD and NZDUSD) for the next few % before the next bear leg in early June. I’m also closely monitoring the USDJPY / US yield situation. - US Dollar Chart Setup Hints Deeper Losses Likely Ahead
US Dollar technical positioning suggests prices are likely to pull back further before the larger advance building over the past 10 months regains momentum. Reminder, you will receive daily e-mails with the latest DailyFX Technical Analysis Article. Visit the DailyFX forum to ask our DailyFX analysts questions, share your thoughts on this article, or talk with other traders. Want more news? Sign up for additional newsletters. Have questions or comments about this article? You can contact our research team at research@dailyfx.com Best regards, DailyFX
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