DXY: Dollar Index - Small counter-rally before further weakness
DXY Dollar Index Small counter-rally before further weakness
DXY has crashed into the near term target zone at 92.74 -
92.55 (target 92.64) and bounced. It looks like it will
consolidate by moving sideways to upwards, at best to test
the upper parallel before it falls away again. When 92.50
gives way it should fall a further 1.5% to 91.01. This move,
when we see it will propel gold and oil considerably higher still.
DXY has crashed into the near term target zone at 92.74 -
92.55 (target 92.64) and bounced. It looks like it will
consolidate by moving sideways to upwards, at best to test
the upper parallel before it falls away again. When 92.50
gives way it should fall a further 1.5% to 91.01. This move,
when we see it will propel gold and oil considerably higher still.