My sentiment for the 4th quarter is the US dollar regaining after taking a beating for the most part of 2020.
Most of it will depend on the success of another stimulus package, also the outcome of the Presidency election.
Technical
- Breakout of key trendline. We could see a retest and then correction.
- The index technically bottoming, with hopes of regaining. If it regains, we could easily see a correction against the Aussie.
- A 5 wave impulse on the bearish side is probable, with support at the 31.8% range at $0.60208.
Most of it will depend on the success of another stimulus package, also the outcome of the Presidency election.
Technical
- Breakout of key trendline. We could see a retest and then correction.
- The index technically bottoming, with hopes of regaining. If it regains, we could easily see a correction against the Aussie.
- A 5 wave impulse on the bearish side is probable, with support at the 31.8% range at $0.60208.