The latest on USD (Forex):

Did the USD (Us Dollar) put in it's low for now?

After the release of the FOMC minutes the USD took a big hit. USD/CAD got in the low 1.24s while the EUR/USD hit the high 1.17s. The AUD/USD even blew past 0.80 for a moment. As of this writing the USD/CAD is now comfortably above 1.25, the EUR/USD is back under 1.17 and the AUD/USD is currently sitting at 0.7960.

I mentioned going long USD/CAD earlier this week and that trade is still very much alive and starting to gain traction. With everyone so negative on the USD, it's bound to turn soon; in fact, it may have already started.

Below you can see post FOMC spike and retest last night on the USD/CAD (30 minute chart). Should be smooth sailing; set stops below those lows to be safe.