So, getting exhausted?

Wednesday's dollar move has finally produced what I've been expecting since quite some time, - a spike on the downside. In my opinion it is one, indicating the trend is exhausting. The kind of spike which doesn't change anything technically and is seen barely as a beep  on the long term charts, but at the moment is perceived by the trading public as a catastrophe: "we gonna crash!"

By the way, the 2 high yielding currencies I'm watching closely (kiwi  and aussie) were far enough from confirming this exploit. Just may be they know something more about Chinese reflation and just may be that is more important than no more significant statements from the FED about long lasting low interest rates? Indeed, are we in the environment where the interest rates or the capital preservation matter more? I'm pretty sure in coming weeks we'll start to see the answer.