Dollar Index Basket
Short

Reversal for USD in play

63
Whereas we have had a buying opportunity this morning on all of the dollar basket pairs, I am now out of those trades for profit and am waiting on a break of the one hour trendline to sell. The four hour chart for usdollar is at the top of a consolidation range at 12002. A break on the one hour will confirm selling and my entries into shorts on the USDJPY, USDCHF and buys on the euro, the pound, the aussie, and the new zealand dollar. Break the one hour trendline and sell or buy the dollar pairs until the hit of support at 11878

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