ReutersReuters

This could be the start of another big USD rally

  • USD dived between 2022-23 after investments in it became overcrowded

  • USD then rose on expectations that U.S. int/rates would remain high

  • Subsequently dropped as expectations for an easing cycle grew

  • Amount of expected easing has been reduced and start cycle pushed back

  • The high for long view is holding underpinning USD

  • Overbought conditions which pegged USD back in 2022 alleviated

  • USD based last year soon after meeting minor target to correct its rise

  • 2024 low has fallen short of last year's low - bullish

  • Targets for resumption uptrend imply a rise between 5-10%

  • BUZZ
    Thomson ReutersUSD targets

  • BUZZ
    Thomson ReutersUSD retracement

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