Technically speaking the USD monthly chart paints an extremely bullish picture. We have broken out of a falling wedge and retested previous resistance as support. Of course fundamentals like QE infinity could dampen this scenario but technically speaking the world’s reserve currency looks strong and proud ! The future is going to be driven by technology and the 4th (AI based) industrial revolution, an area the US has a large footprint. Fundamentally the US seems to be poised to continue leading the global economy into the next phase of economic development. I hope this picture is correct and all the “doom and gloomers” are wrong and I think you should too. If economic Armageddon comes to the USA the standard of living world wide will drop rapidly and many lives will be lost prematurely. Let’s all hope, for our own sake, I am right. :)
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