Only question is which direction? Check out this narrowing wedge which has some more time to play out. The bond market appears as confused as the equity markets.
The USD (per the DXY) is too looking set for a more immediate break out and based on the chart pattern, odds favor down but based on the COT report commercial traders may in fact be ready for an upward breakout. The red line below is a trend line that goes back to 2008 with four successful tests.
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