Dollar health

Welcome to another week of trading. Yesterday was a holiday here in the UK and in the US so volatility was quite low and not a day for trading.

We are looking at USDCAD for shorting as it is looking quite weak. The same applies to the USDCHF which recently produced a reversal signal. A BOB on the USDCHF below 1.0200 could provide some pips.

We are not providing charts on these two currencies today as they are quite easy designs to analyze. The fundamentals on both the Canadian Dollar and Swiss Franc seem quite strong.

Todays New Home Sales are forecasted for 522k. This should be interesting.

Until tomorrow, good trading.

Forex Analyst
Anne Chapman