The Dollar about to dive...AGAIN
The dollar had performed very well over the last week or so, but that might be coming to a pause. Fundamentally that Fed interest rates are still very low automatically making the dollar weak against some of not most of the other currencies.
So in the long run I expect the dollar to keep weakening because of the oversupply of money in the US as a measure to fight an economic crisis caused by COVID-19.
TECHNICALLY price made higher highs but the RSI made a lower high indicating bearish divergence, giving signs that the dollar might be dipping again.
So in the long run I expect the dollar to keep weakening because of the oversupply of money in the US as a measure to fight an economic crisis caused by COVID-19.
TECHNICALLY price made higher highs but the RSI made a lower high indicating bearish divergence, giving signs that the dollar might be dipping again.
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