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FX.co ★ The Major Currency Pairs Review for November 09

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Forex Analysis:::2010-11-09T08:46:04

The Major Currency Pairs Review for November 09

Hello.

The dollar finished the correction with major currency pairs.

The whole last week we were watching rather weak dynamics concerning the major currency pairs.
For those who were setting buy and sell deals following my recommendations at the beginning of this week I offer to look through the variants of new purchases tomorrow afternoon prior to the US session.
And specifically the purchases of the AUDUSD, GBPUSD, EURUSD, and also sales of the USDCAD pair.
I do not recommend to move with these pairs in any direction, Monday was a correction day.
You have to wait for the Japanese session opening and look at the trend in the morning.

Pick-of-the-day: how low can the dollar go relatively all the recent events?

From the technical aspect the dollar will be losing its positions and so on. But the market cannot do without a correction in favor of dollar. Today one of such corrections is fixed.
That is all for now. Later the detailed analyses will be provided.


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