Will USD strong for a long time?
Quote:
Dollar Prepares Another Rally
Last week saw the US dollar give back recent gains against the major currencies. Those retracements appear over or nearing completion, with the New Zealand dollar leading the pack in what is shaping to be a broad-based dollar rally. The Australian and Canadian dollars are suspended at turning-point technical levels and ready for decline, while Yen price action has contracted below the last major layer of resistance. The Euro and Swiss Franc both lag behind, though a lack of follow-though in last week’s anti-dollar moves suggests they too will fall in line in the near term.
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