There is a frame-work for the USD to trade higher. We have to remain extremely patient. This is a MONTHLY chart and there is scope for the market to take the USD lower by a 150-200 basis points.

The sentiment will become increasingly negative USD and we will be following very closely. Once we see exhaustion and a very one-sided market we will act accordingly.

It has always been our philosophy to trade well, not often. This has the potential to be a multi-month trade that makes our year.