At the Close. The USD advance comes to a halt.

18:20CET

The USD has not been able to continue its progress vs the majors, and this can just be good news if there is to be a bigger USD upmove, because any corrections will mean healthier upmoves if/when they come. The corrections thus far have not been impressive, but have in any case put a brake on the USD advance, particularly in USD/CHF, where the unit has dived sub-0.99, correcting off some of its recent overbought status. EUR/USD important resistance line (short-term) is coming in @ 1.3560, and seems it won't be taken out on a first attempt, so a fast short can be tried there for some wishes of success.

As a recap, take a look below at how FX retail traders are positioning themselves at this hour. I'm Tony Juste, CMA of CTAinvestor.com, thanks for watching this blog, I'll see you all tomorrow.

Nov 17, 2010 18:20 GMT+0100

   1. USD/JPY
      77.23% 22.77%
   2. XAU/USD
      75.31% 24.69%
   3. USD/CHF
      70.34% 29.66%
   4. USD/CAD
      60.58% 39.42%
   5. AUD/USD
      50.66% 49.34%
   6. EUR/USD
      46.87% 53.13%
   7. GBP/USD
      43.49% 56.51%

Posted via email from MT4