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GaryChew_CFTe
Aug 31, 2020 2:07 AM

Moment of Truth for the US Dollar Short

US DOLLAR CURRENCY INDEXINDEX

Description

92.50 is the line in the sand for me wrt the Dollar.
The DXY has been consolidating at this critical support for the past month or so.
A possible descending triangle right at this juncture does not bode well for the greenback.
If the index breaks below the triangle, 88.7 is next.
Comments
GaryChew_CFTe
Support held, so the Dollar may be in for a period of consolidation. With everything having moved based on the weak Dollar narrative, watch out for precious metals, commodities and equities pulling back. Be forewarned!
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