Overview of the USD strength: trend continuation or correction?

October 17, 2016 13:55

The EUR/USD is expected to build a bullish ABC zigzag back to the 38.2% or 50% Fibonacci levels and make a bearish turn. The GBP/USD built a triangle after its 1,000 pip decline and is in a break or bounce spot. The AUD/USD bounced at 0.75 as expected last week and is building an interesting triangle. The USD/JPY uptrend continued last week also as expected last week and is setup for further uptrend continuation.

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