Could be short term sell offs coming in USD soon, we are currently at one inflection point based on a fibonacci cluster on a Macro time frame, but the level I will be paying close attention to is 106.50 and looking to short
In conjunction to having a a supply level with a fibonacci cluster there is also a possible 5th wave clusters present as well with one of them at current levels 103.05 and another up around the 106-108 mark
Indirectly shorting USD through other products now but could shape up to be an interesting play in a rising interest rate environment
One possibility for shorting USD against rising interest rates could maybe be found in the bond markets looking at the T-note and T-Bond futures which could possibly have demand levels coming up soon after a very rapid sell off
If the two were to align USD at supply/ Bonds at demand that would be the ideal situation
In conjunction to having a a supply level with a fibonacci cluster there is also a possible 5th wave clusters present as well with one of them at current levels 103.05 and another up around the 106-108 mark
Indirectly shorting USD through other products now but could shape up to be an interesting play in a rising interest rate environment
One possibility for shorting USD against rising interest rates could maybe be found in the bond markets looking at the T-note and T-Bond futures which could possibly have demand levels coming up soon after a very rapid sell off
If the two were to align USD at supply/ Bonds at demand that would be the ideal situation