Been a pretty persistent USD bull through 2021 and 2022 with only a few spells of being out of USD longs. It looks like we might have reached the end of the most recent run. USD has made a huge breakout. I think this is going to produce more strong bull moves for the USD in the future but we might se set to see a 76 retracement of the last advance.
Short USD while the current highs hold. If and when we get back to the 76 fib I'll re-establish long positions again.
Long EURUSD, AUDUSD and NZDUSD.
Short USD while the current highs hold. If and when we get back to the 76 fib I'll re-establish long positions again.
Long EURUSD, AUDUSD and NZDUSD.