As predicted on Monday, GBPUSD broke down quite significantly and reached levels not seen since mid July. USDCAD formed a base and continues it's strong move up. Since yesterday it is up 100+ points. USDCHF long recommended on Sunday is looking great as well, currently up about 60 points as I bought twice on the way down.
USD is stronger across the board despite better than expected German IFO coming at 90.5. US new home sales surprised again and helped to push US equities up from previous negative territory. I expect further USD strength and weakness in equities. (despite the fact that equities have stubbornly stayed bid for longer time than I expected) Buy USDCAD and USDCHF on pullback, sell GBPUSD on strength.
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