Loading ...$USD – Daily
No doubt – the $USD is on fire. While it could continue to go higher in the short term, I see limited upside overall.
The bearish double-top printed over the last couple of years remains in play, as does the corresponding lower-low printed earlier this year. Since then, I see a bearish rising flag that looks more like a continuation pattern setting up the next major leg lower, not the next move to higher highs…
The USDU is also constructive:
