As you no doubt will have gathered, I am particularly bearish on the USD at present. There are massive imbalances across global bond and equity markets and I suspect that when all this has played out, the USD will be a whole lot lower across the board.
I am looking for good technical entry levels in cable and I find such a point near 1.5350. I bought the dip last night and will now watch and evaluate to see if my levels hold.
The post Cable: Longs in play, expecting support at 1.5350/70 to hold firm appeared first on www.forextell.com.