While we had to wait for a while, we have seen the lagging pairs reverse back to the Dollar upside – and there’s more to go. However, there are some conflicts between the pairs in terms of the extent of how they can correlate. This could generate complex corrections to allow the pairs to begin to align with each other.
However, beginning from the Asian centre, we have some potential minor follow-through’s and pullback. This could be a slightly difficult process to go through but the final outcome should take us back to the Dollar upside.
So, take it easy today and keep observing for bullish reversal indications in the Dollar.
Have a great weekend
Ian Copsey
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