Here is what to expect
DXY hit highs of 91.25 on Monday then reversed its gains falling to 90.88 and is currently @ 90.95
We are expecting a continuation to the downside to at least 90.7-90.6 range then expect it to shoot back up back to the 91.- range
NOTE: DXY might ignore this prediction and go back straight to 91.-
Reason for DXY fall was due to US10Y bonds which hit a high of 1.20 then fell to 1.146 and is currently @ 1.176
DXY is still bullish as it is still within the ascending channel
A break below 90.6 90.5 range will see the DXY hitting previous lows of 90.4, 90.0 & 89.2
DXY hit highs of 91.25 on Monday then reversed its gains falling to 90.88 and is currently @ 90.95
We are expecting a continuation to the downside to at least 90.7-90.6 range then expect it to shoot back up back to the 91.- range
NOTE: DXY might ignore this prediction and go back straight to 91.-
Reason for DXY fall was due to US10Y bonds which hit a high of 1.20 then fell to 1.146 and is currently @ 1.176
DXY is still bullish as it is still within the ascending channel
A break below 90.6 90.5 range will see the DXY hitting previous lows of 90.4, 90.0 & 89.2
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.