Short into the NEW YEAR - US DXY
As you can see we are trading in a large fractal pattern, with the STOCH RSI heavily overbought.
The USD is showing short term strength, but it is trading in a firm fractal.
I believe we will see the USD Index fall into the new year, retesting the bottom trendline of the fractal.
Furthermore, we may see the price completely fall out of the fractal. Inflation is on the rise in the USA.
This is highly positive for crypto and other currencies such as the AUD.
Thanks for reading.
The USD is showing short term strength, but it is trading in a firm fractal.
I believe we will see the USD Index fall into the new year, retesting the bottom trendline of the fractal.
Furthermore, we may see the price completely fall out of the fractal. Inflation is on the rise in the USA.
This is highly positive for crypto and other currencies such as the AUD.
Thanks for reading.
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