Please find attached the requested US Dollar note.
Apologies for the somewhat ambiguous view
Dollar strength is testing both medium- and short-term target levels.
The probability of further meaningful gains from a technical analysis perspective is low, with extended market conditions at important levels.
While the view is for a bearish reversal and meaningful downside, this view will only be confirmed on breaching of stated pivots.
“Technical analysis is a probability study on future market action”
The current US Dollar bull trend is approaching respective medium-term targets against most currencies.
There is a likelihood of a trend reversal, or at the very least a meaningful correction of current Dollar strength.
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