Forex Technical Update 8/3/2010 - Is US Dollar Recovery Imminent?

Forex Technical Update 8/3/2010
Fan Yang, CTA
FXTimes

The USD is plagued with further weakness across the board. I am monitoring many dollar crosses in order to make sure there is confirmation when the USD does rally. This is like looking at the internal structure of the dollar index. I believe the main crosses to be monitoring are the USD/JPY, USD/CHF, possibly gold, but we also want to see the Euro and Aussie for example cool off against the greenback before considering a comeback.