A lot of traders were caught off-guard by the recent USD volatility and we are likely to have a lot more over the next couple of weeks. The USD is currently sitting in the middle of a 4 Hour channel and has tons of room to run Long and Short. However, this recent move seems to be holding below the 50 level suggesting weakness, but we are in an ascending channel so keep that in mind long term.
The double top was offset by a deep low, so the USD is balanced and can run in either direction.
The double top was offset by a deep low, so the USD is balanced and can run in either direction.
