The dollar staged a comeback late last week with the $ index coming very close to a bullish key week reveral (Friday however printed a bullish key day reversal). Our take is that the past weeks dollar correction now is over and the greenback standing ready to resume its rally. EURUSD the spike above the mid body point suggests that downside now is back in focus, AUDUSD posted a clearly bearish candle suggesing weakness over the coming month(s), USDJPY ready to pass the 100 hurdle, EURSEK more congestion seen and a 8.47/48 drop still liked, USDSEK soon to test the 6.5902 peak, EURNOK sideways and then a break higher for 7.65/66, NOKSEK looking for a move up above 1.1245/45 but also see the cross stalling ahead of 1.1305/50, EURHUF looking for a return above 300, EURPLN trying to break down from the congestion range, BUNDS consolidating but with a clear upside bias, S&P500 rebounding, 1570 key, OIL key resistance, 100.46, up for grabs and GOLD has met 1st correction target, 1415 (secondary = 1457).
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