The US Dollar Plummets

4 Şub 2022

The US dollar has collapsed down to the 95 handle, finding support at 95.26. We smashed through several levels in the 96's after giving up this handle entirely. We are beginning to see support via a small inverse head and shoulder pattern. However, the strength of this selloff is formidable, and we are wary of lower prices to come. If so, then 94.97 is the next target, the first level in the 94 handle. If we are able to see some support at current levels then 95.58 and 95.82 are the next targets.