US Dollar Still Downtrending
Since the begging of 2021, we have seen around a 2% rally for the $USD; however, there is clearly a downtrend that has to be broken before the bulls get in.
The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.
The next level after breaking the upper channel line would be the 100sma, which has proven to be useful as a trend-following system.
The trend could be changing. Next week will be defining.