US Dollar Daily Chart Review

 

Since early 2018 the US dollar has been on a bullish march that defies logic as a 5th wave. We are now sitting 0n the 200 MA line which supplies some type of support, at least temporary support.

It should be a deeper correction if the previous 4th wave is a Minute degree. Only time will tell. You would figure gold would react to the USD decline but it has been rather subdued through the entire US Dollar decline. Even silver has been very docile lately as it has moved very little.

 

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