From the desk of Steven Strazza @Sstrazza and Ian Culley @IanCulley
In last week’s Currency Report, we highlighted the NZD/USD cross as a means to express our bearish US dollar thesis.
The setup was too good to resist taking a swing at following the recently failed breakdown. And so far, we’ve been rewarded for it. That’s information.
But it’s not the only cross that continues to trend well against the US Dollar. We see it all over, and it’s only reinforcing our bearish thesis.
As such, we want to look for more opportunities to take advantage of this developing theme.
In this week’s post, we’re going to do just that.
Let’s drill into our forex universe now and identify some of our favorite risk/reward setups we want to bet on to capture profits from a weakening US dollar.