DXY Solid Rejection Off Wedge Resistance
The Dollar (DXY) is coming off extreme overbought levels on the daily timeframe. We're seeing a rejection at the wedge resistance on Monday, and we're likely to extend losses before a potential retest as early as this week. Let's see how the White House PPT meeting goes, and how the narratives in the MSM evolve following the meeting. We could be about to see a coordinated effort to jawbone markets back to ATH's and walk back last weeks Fed hawkishness. Either that, or the message will be risk off, the implications of which would be disastrous for markets. Hold on to your hats...
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