Today in forex trading the USD was weak, driving very strong movements. The EUR/USD moved to the upside, 1.1200 is next major resistance. The NZD/USD broke out to the upside and is now in a strong uptrend with lots of upside potential. The USD/CHF dropped, next major support is around 0.8450. The USD/JPY dropped also. We would scale out lots around 144.50 and scale out more as it continues lower below there.
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