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USD rebound aborted as risk-on rally changed course

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Monday, currency markets initially retuned to the divergence trade with the dollar regaining further ground and the euro returning part of the post-ECB gains. The move was corrective in nature, as there was no high profile news to guide the price action. The decline in oil and other commodities weighed on the likes of the CAD,NZD,AUD end the NOK and supported the US dollar. During the US trading session, the dollar lost part of the earlier gains as the decline of oil triggered substantial

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