On the Daily Time Frame we can see a retracement into higher time frame fair value zones. On the lower time frame, naturally this created a bearish structure and thus, I am of the technical opinion that we may see a short lived bearish momentum on the Green Back. Currently we are on a bullish pullback within this bearish retracement.
Note
Subsequent to the above analysis, the below analysis is a compliment of same and reflects this Author's opinionNote
As per the above chart analysis, this update further expands on a bullish short-term move on the US Dollar.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.