Ongoing dollar selling: Key technical levels broken!

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    On Wednesday, the sell-off in global commodities slowed, even as sentiment remained fragile. However that wasn’t the case for the dollar. The greenback was relentlessly sold as investors lost confidence in its upward potential and safeguarded profits in one of the most crowded trades of the past months. Interest rate differentials were nearly unchanged and thus no driver. Several investment houses tempered their dollar optimism. Admittedly, weaker equities may have played a role too, but

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