Currencies are all trading under pressure from a higher dollar. The dollar is trading higher, after breaking out of a bullish reaction swing chart pattern that portends a continuation of this price advance into the May 26th reversal date. The British pound, Canadian dollar, and the Australian dollar  remain bearish due to negative price action suggesting more downside pressure over the short-term. The Japanese yen is completing a corrective pullback and testing support that could set up a buy very soon. I will have updated information and recommendation in the upcoming issues of the TMV Swing Trading report.

 

 

 

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