The USD has not had a good ride off late, but there are signs appearing in many USD crosses that suggest a relative comeback for the greenback.
This post will have a quick look at what is shaping up in the FX markets for the dollar.
Most likely concluding a full 5 wave uptrend. Reversal potential is heightened.
Looks to be concluding a long-term upwards correction since 2016 at this moment. Reversal potential heightened.
AUD/USD & NZD/USD
Seem to have completed 5 waves up. Although the uptrend is probably not over yet (i.e. the 5 waves could be part of a large wave 3… meaning a wave 4 and 5 still to come), but a bearish correction is long overdue and looking more and more likely now.
Should also be due for a 3-wave upwards correction at the very least.
All the best along your trading journey….