Market Update : Dollar weakness is clearly the theme in Asian trading today. The AUD/USD has broken 1.0020, which means our Radar short is no longer active. There are other potential patterns developing in the pair, however. Meanwhile, USD/CHF remains a long-term prospective and the pullback in price is welcome. If the USD continues to weaken in early European trading we may have to put USD/CHF on the back burner again and focus on short-term trades elsewhere. Volume is thin so we are waiting for the euro session for more clarity.
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