I don’t have any strong reason for this bias, simply that pairs like AUD/USD, EUR/USD and GBP/USD are all looking more likely to go up rather than down. The market has been bullish USD for quite a few weeks but it feels as though we are entering the holiday periods earlier than usual and that usually means that positions start being reduced. I favour buying dips in the above pairs, but be warned I’m talking my position (long AUD/USD) and my timing has not been particularly good recently.
