The US Dollar continued to distribute high up around a 5-year resistance in an unusually tight price range last week as the week before, all while the EURUSD rose from 1.123 to 1.13.
On that topic, looking back at the thread the trade idea bullish EURUSD 8 days ago was successful, 1.131 target has already been achieved.
The AUDUSD trade idea bullish is turning out successfully so far, it is near the target which continues ongoing at 0.72 with latest quotes at 0.7176 reaching a recent high of 0.7184. Being close to target, it is time to consider closing the position at profit of more than 0.5%.
The favored trade idea in the short US Dollar position is short the USDCAD and USDJPY. The previously favored instruments in this thread for this trade were the AUDUSD and EURUSD which have already performed accordingly.
Latest USDCAD quotes are at 1.335 and the sell cover target is considered 1.327 for a 0.6% difference. Duration for this trade idea is 1-6 weeks.
USDJPY latest quote is 111.97, sell target is 111.1 for a 0.7% difference. The duration for this trade is 1-4 weeks.