USD DOWNSIDE EXPECTED
In this video update, we discuss the recent move on the DXY as we have seen the index break out of a key range between 97.50 and 96.20.
With the decline in the Bond market, it begs the question, will the USD follow suit?
Typically, when the 10 and 30 yr US bonds decline the USD follows over time and those markets have dropped significantly through December.
If the USD does breakdown further we expect the support zone of 94.00 to be the overall target of the move lower.
With the decline in the Bond market, it begs the question, will the USD follow suit?
Typically, when the 10 and 30 yr US bonds decline the USD follows over time and those markets have dropped significantly through December.
If the USD does breakdown further we expect the support zone of 94.00 to be the overall target of the move lower.
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