Could the USD be shaping up at another push lower?

10 במאי 2022

Hi, Trading view community and subscribers. Thanks for stopping by. Looking at the USD on the 4H, we see that sellers continue to hold prices outside a trend break. A mini consolidation continues to hold price action, but if the current seller momentum can continue to push forward and break out of the consolidation, this could lead to a new extension lower.

If buyers can hold support and rally to a new high above 103.70, that starts to cast some doubt on seller control.

Good trading