Daily Report Thursday 11th June 2009

Dollar pairs: Any dollar strength continues to be sold into. On the dailies, the big MAs (50, 100, 200) on most dollar crosses are aligning -or have already aligned- into a fully dollar-bearish mode. General strategy: Look to sell dollar rallies once they break down near key S/R levels, and plan to build some core positions in these to be held until the DMAs say otherwise. Long dollar positions can be initiated, but only as short-term trades, with Take-Profits at likely reversal zones.

Dollar Index:


AUD/USD:


EUR/USD:


GBP/USD:


USD/CHF:


USD/JPY: