Dollar extreme - and the unintended consequences
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The dollar "coin"
The DXY looks like a "coin" chart soon. It continues trading inside a positive trend channel and note we are getting rather elevated inside the channel, at least in the short term. 50 day is down at channel lows around 104. 200 day moving average is at 98! RSI is getting very overbought, but as we know overbought can stay overbought for longer than most plan. Let's see how this develops from here, but people are far from all in on the dollar long trade (chart 2).
