It'll be bad news for the US dollar initially, so pairs like UJ, UCAD, and USD/DKK will react negatively and drop. That will allow the pairs like AU and EU and GU to move back up a bit.
Sometime after that is when we start looking for shorts again on pairs like AU and EU.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.