Dollar Index Elliott Wave Update
By Fernando Luna at bitmarketperu.com
USDCAD just might be on a new uptrend warning of a commodity rout. The buck looks strong still and is at a truing point now. The Euro, Aussie, CAD look weak now. The Pound, NZD are sporting daily patterns that look strong against the buck for a while. And the Yen and CHF are boss as everyone runs for safety. The 10-year yield looks like it has found a new consolidation zone down under the 1.0%! And despite the CRB and Oil both rallying of late, they are corrective in structure so the downside is still very much in play.