This is authentic USD power.
Quick observation though...
On the scale of days, nothing has changed and CAD is still facing its big correction down to underdog level where USD and JPY are waiting for another leg of their journey to the center of the earth..
To be continued..
Let's indeed not jump up and down yet..
JPY is packing that worldscale depreciation,...
Stratus Cloud Formations will not offer any real support or resistance
Scenario 1: Price either breaks the pennant or bounces one last time before moving higher to previous all-time highs
Scenario 2: Price ignores the Stratus Cloud formations and moves to the bottom of the Pennant
In Scenario 2, if price does move to the bottom of the pennant it can move out...