In the second part of the forex trading session, we focus on the US dollar using both currency futures and spot markets with the US dollar complex in both. Remember in currency futures the US dollar is always quoted as the counter currency so the USD/CAD becomes the CAD/USD which gives us yet another unique view of the price and volume relationship across the complex. As we move deeper into the session we pick up a nice reversal on the GBP/USD on the faster timeframes with the GBP reversing from the heavily oversold region on the currency strength indicator, and the US dollar doing the same from the overbought region on the indicator.
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