The dollar has been losing some steam, but I am concerned about the monetary policies of the US. I am simply noting that there is some technical reasons for a pullback to this zone. If the dollar holds the Senkou then we could see a real thumping of associated pairs, but I don't know what will happen. The lower timeframes are pointing to pullbacks or corrections. On the Weekly though, a bullish
break seems likely. There has been a real fight ( volume
) to bring strength back into this, note the extraordinary spikes beginning in late April
. This is going to effect all the US pairs as well as metals. We shall see.