DXY Roadmap Nov 2016
Updated
Countdown to top - last few month before surprising/long correction
Note
The doves Dudley and Yellen will speak tomorrow, expect USD reactionNote
Some corrective action/consolidation before final up into 1Q17Note
Tomorrow ECB meeting and FED next week. SO far DXY is correcting well, still could reach 99.40 on the downside before FED meetingNote
Target range here on the upside is 103/105Note
Upside Extension into 108/109Note
Appears quite complex lower degree Wave 4 forming, looks like widening triangleNote
Best is over, expect one final rise that could form marginal new high >103.80 at best. Expect low 90s into later part of 2017 before next upleg into 120
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