- Dollar Index has taken a large hit due to the massive level of inflation experienced this year due to monetary covid response.
- 23.6% of all US dollars in circulation have been printed in the last year alone.
- Since DXY has crashed and sold off deeply, a sharp reversal may be imminent.
- At the minimum there could be a sharp move up and whether it sustains and pushes even higher is another question.
- As a result, I will, at the least, be observing this falling wedge breakout during Q1 of 2021 as it has the potential to massively impact the financial markets and other positions to come.