USD weakness beginning to show

The US dollar is beginning to show signs of weakness, according to Chris Williams, Senior Broker at Newedge.

Williams points out that price action and RSI readings for many USD crosses – including USD/BRL, USD/PLZ, USD/SEK, USD/SGD, GBP/USD, EUR/USD, USD/CAD, USD/NOK, USD/CZK and USD/JPY – suggest there is plenty of downside potential for the USD.

See report.