Central bankers may have to step in to keep the party going. What troubles me about the dollar falling off of a cliff is that everyone and his dog is short expecting a capitulation, it can’t be that easy. Is it time for a rally to squeeze the shorts?

Wolfe wave

USD/CAN showing a Wolfe wave that is in play, look at the ETA of the wave, PO intersect right on time with the up sloping trend line.
USD CAN

Crude sitting on Wolfe wave top trend trying to make up its mind whether to step in or not.
Crude bearish Wolfe wave