It is another confused picture today with little standing out as an obvious trade. The US$ does look mildly better bid though and buying dips still remains the preferred option, but without looking for too much in either direction. Gold may be giving us a hint as to the direction of the dollar and it does look a little heavier today, possibly signaling further dollar strength.
In other markets, expect the choppy consolidation to continue I suspect, but possibly look to buy Sterling on the crosses although this remains very “Brexit headline driven.
*Trade of the day: 2/20/2018 5:57 PM (AET)
*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.
Sell EurUsd @ 1.2385. SL @ 1.2415, TP @ 1.2285
Buy US$Chf @ 0.9300. SL @ 0.9265, TP @ 0.9400
