Potential Buy Alert
USD – Betashares US Dollar ETF
The USD has been swinging lower for a long time but has the makings of a new leg up as the USD begins to raise interest rates. We see price as being over extended at current highs so expect to see a push lower to squeeze out some buyers. From there we will be watching for a long term higher low above 12.00 for a buy entry setup. May take some time to build but the signs are strong.
Stock Code : USD – Betashares US Dollar ETF
Company Website : www.betashares.com.au
Current Price : 12.95
Status : On watch for a buy entry setup