I am long USD or short CAD whatever way you want to look at it. Have been since 1.22 USDCAD. That dollar index has recently crossed above the 200 weekly SMA. Though short-term RSI might cool off a bit with a pullback to 200 weekly SMA. My previous mention of Double bottom on the USDCAD chart still seems good. The real catalyst for the dollar index seems to be the everything bubble narrative. I currently hear that narrative less than the always-up inflation story. The everything bubble would be a huge deflationary move. Think everything goes on sale who wants cash for that? "Cash is trash" and most people have lots of debt. So assets go down debt stays the same or interest goes up. Where does the cash come from? People buying other people's discounted everything. Also, USD deflation is inflation on other nations currency likely hyperinflation of many.
This is my theory and in no way financial advice.
This is my theory and in no way financial advice.
