The USD gained back all the ground it had lost back in October. The 10,100 area is a major resistance point, which we couldn’t clear last week. If equity markets continue to rally we will see the USD lose ground and the AUD/USD will begin to rally as it tries to break parity. Be sure to watch European bond markets as it could drive market sentiment. Larger trend still remains bullish for the USD, but we could be in for a correction for upcoming December.
