US$$

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Weekly – In the second week of the break below the uptrend support. Trade pressures are down. Volumes are bearish.

Daily – This second leg down has quickly moved down below targets. Trade pressures are down hard. Volumes are bearish.

The next target down is 92.69.

With the trade pressures down so quickly and oversold a retracement move up is expected. A close above 96.32 would signal higher.

 

US 30YR T-BONDS_ USU20

Weekly – As the dollar drops the flows migrate to the notes and bonds. Trade pressures are up. Volumes are bullish.

Daily – Flat. Have now moved above the 180-23 target. Trade pressures are up. Volumes are bearish.

The next target up is 184-16.

A close below 179-14 would signal lower.