The USD *depreciation illustrate in that figure especially in DXY chart; the correction appear well in that rectangle. we stop here in the the fourth retest in the downtrend and we will wait.
Rebound to complete the downtrend will put all USD pairs in strong Long and vice versa a break out will put them on strong Short.
so watch and take all cautions and wait for the amazing chances will be born later.
pairs to watch: "EURUSD, GBPUSD, NZDUSD, AUDUSD, USDJPY"
The USD depreciation came from the quantitative ease the "Covid 19" needs to stimulate economy and avoid heavy depression; which leads to lower interest rates, then higher inflation rate which put pressure in USD exchange rate.
best wishes.
and happy weekend
Rebound to complete the downtrend will put all USD pairs in strong Long and vice versa a break out will put them on strong Short.
so watch and take all cautions and wait for the amazing chances will be born later.
pairs to watch: "EURUSD, GBPUSD, NZDUSD, AUDUSD, USDJPY"
The USD depreciation came from the quantitative ease the "Covid 19" needs to stimulate economy and avoid heavy depression; which leads to lower interest rates, then higher inflation rate which put pressure in USD exchange rate.
best wishes.
and happy weekend