As per usual – you can take it for what it’s worth but..( I’m sure by now you’ve followed long enough ) The U.S Dollar is literally ” a single point ” from its swing high – and subsequent reversal lower to follow.
The U.S Dollar without question “is now being sold along side of risk” as opposed to taking inflows as a safe haven. THIS HAS CONSIDERABLE LONGER TERM IMPLICATIONS.
Risk off related trades are well within reach here as several including GBP/AUD entered yesterday morning – have already started taking off.
This will further validate the “short Nazdaq” signal issued here on Friday, with the holiday and low volumes of Monday and Tuesday – the entry is still very much “right on the money”.
I suggest getting in front of your screens over the next couple hours, as I feel we are on the cusp of another “reasonable sized move” here as of this morning.