Weekly Chart Snapshot of USD Breakdown Retest, FOMC T-minus 1 day…

The USD breakdown is being tested with a bounce, as expected

Kind of an important juncture during kind of an important week, wouldn’t you say? The still-hawking, backward looking, tardy* Fed and a USD breakdown at least somewhat in question.

Also reference yesterday’s post with the daily chart view.

usd breakdown retest

* As long since proven by its parroting of the “transitory” inflation pitch despite so much evidence to the contrary that developed in 2021 and came on like a steamroller in 2022.