Equity markets are maintaining a bullish path on the back of last week’s reversal candles and USD weakness is becoming part of the current risk-on theme. The USD index looks set to test the July base near 73.40 and we are seeing the USD lose ground against several currencies. EUR/USD broke bullishly through falling trendline resistance to expose range highs, AUD/USD is pushing higher toward its daily cloud and USD/SEK looks to maintain a bearish break below its 200-day average.
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