The EUR/USD and AUD/USD are at key levels after last week’s dollar correction. With the U.S. Dollar Index finding support within the 34EMA Wave, I examine in the video below where I think the selling pressure will be building in each pair as the the dollar attempts to regain the uptrend it was in on the daily time frame.
The EUR/USD and AUD/USD are in different market trends so I discuss and detail both swing trading and distribution fades in the video and point out the levels to watch if the trades are to follow-through.
This video runs seven and a half minutes.
For more U.S. Dollar analysis visit my Daily Trading Edge blog.