Weekly DownTL at 75.82 being broken now. Last at 76.18.- Worth a trade from the long side, given how crowded it is on the other side.
- Clearly one and the same as the short equity/lower commodities/risk off trade.
- Cautious this time round because the last time USD/CAD broke a similar DTL, I was whipsawed doing the trade around 1.08.
28 October 2009
USD Index : Watch Weekly DownTL Break
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