Forex Technical Update 8/24/2010 Fan Yang, CTA Technical Analyst FXTimes
Main theme so far risk aversion. So the USD gained, but then dismal existing home sales is challenging its strength. We can see that in the EUR/USD, GBP/USD, USD/CHF. The Japanese yen was the big winner. The USD/JPY hammered at a new 15-yr low and EUR/JYP a 9-yr low. Let's take a look at some charts.
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