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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.

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.