Price for the USD has been in a downtrend for the past few weeks. Currently it has reached the weekly support level. Let's see if it is gonna retrace from here.
Depends on how weak the US Dollar is. FED policy on QE is still crazy high and we could see more ATH on the S&P500. Instead of a retracement, a consolidation could play out... However this is just my opinion.
Fisher_Fx
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Ye mate. The Dollar is still weak in general due to all those things you mentioned and a pending stimulus plan. But yeah the chart is purely based on technical, so yeah it could retrace abit and consolidates, then more to the downside.