The dollar has entered its timing band for printing an intermediate (weekly) cycle low. And it is three days shy of its timing band for a daily cycle low. Is the dollar ready to cross the line?
The dollar has already entered its yearly cycle decline. That way for the dollar is down. The dollar needs to print one more intermediate cycle low before entering in its final yearly and three year cycle decline.
The weekly chart above shows how the 80 level has been an important resistance/support level for the past 3 years. I would think if the dollar were to begin a new intermediate cycle, that would be the level to that it would find its support.
If the dollar fails to find support here then it’s …