If just maybe, the USD should hold the support noted - after being pronounced D.O.A. by every smart aleck out there - and continue to rise, people should try to remember who said what in the run up to a would be deflationary impulse.
Much as everybody's pronouncing long term treasury bonds dead even though the TYX (30 year yield) monthly EMA 100 'line in the sand' continues to hold as resistance, they have done so with the worthless whipping boy, USD as well. I am not pretending to know if rates will hold or if USD will or will not break down. But I can state 100% clearly from a technical and macro indicator standpoint that USD has support here and US Treasury yields have resistance just above. Heck, here's another NFTRH chart, showing the 10 year yield... show me breakout Jerry... Where is breakout!?
It gets confusing, because many of the same entities are going to be claiming to have been all over it one day, just as they had claimed to have been appropriately bullish at the right time. As noted earlier, wash, rinse and re the eff PEAT.
I am getting really, really, REALLY interested in these markets now.
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