USD At 11-Year Resistance: Extremes At Play?

Published 09/03/2014, 02:05 PM
Updated 07/09/2023, 06:31 AM
USD/CHF
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USD/EUR
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DX
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The USD, Euro And Swiss Franc

Are we witnessing both "crowded and uncrowded" trades in the currency markets?

The US Dollar has rallied a few percent higher over the past two months, taking it up to an 11-year falling resistance line. The rally has seen the bullish percentage increase to 77%.

The Swiss Franc is on 13-year support with just 25% of investors bullish at this time. Also note that the decline in the Euro of late has impacted sentiment too -- just 22% bulls.

The Big Question

Are we seeing currency extremes in play? Stay tuned, what happens from here in the currency markets could impact many portfolio positions going forward.

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