Hiy Mongombolo,
I am fascinated by the USDollar at the moment.
I have particularly been playing the USDJPY and the AUDUSD.
Although I cannot deny that the USDollar is still sliding...
From an intraday timeframe, short term perspective ( momentum trades based on 1 and 5 minute) momentum is starting to exhibit similar characteristics to that of the last stage of the XJO/spi decline.
Possible "Basing" characteristics? I don't know.
However the big gorilla in the room has got to be the carry trade, and I have no idea what happens to the USD if it becomes the slush bucket for borrowed funds like what happened to the YEN.
A cataclysmic decline is not impossible at all, in fact it would make sense, but if such a thing occurs, I would consider buying the dip (as close to the tip as I can :)
;)
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Hiy Mongombolo,I am fascinated by the USDollar at the moment.I...
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