The US Dollar index bounced and flopped below resistance and is now testing not so compelling support again. The March low was a negative place holder and policymakers presumably want it taken out because they are re-flat-ing. The last thing they want is a rush to the liquidity of the reserve currency. It’s like an all or nothing gambit going on here.
Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.