With a strong dollar, the focus today is on risk currencies. In particular, we are looking at AUDUSD from the airdrop as sellers have beaten yesterday's lows, and if we see a break above yesterday's lows, it could be a new continuation signal.

Please have a look at the daily chart. You will see that the current pattern is very similar to the previous pattern that we saw the last time there was a continuous decline. The form is an ascending triangle, and in a descending trend, once confirmed, they are usually seen as a continuation form. What we need now is to see action from the bears on the chart price, as we saw on October 6.

For us, a lot will come down to the momentum of the dollar. The Fed's comments continue to drive the bull market, and while this is working, we feel that risk currencies will continue to move lower, as has been the case so far this year. However, if AUD/USD sellers fail to break above 0.62 for a second time, it could be a sign that buyers are trying to form a base and that momentum may be waning.