DXY has been really weak due to QE and monetary policies. It dropped from 100+ without looking back/retracement
Short term:
- Travelling in the down channel / falling wedge, with potential pullback or break channel to upside.
- Highly correlated to stock market movement - SPY / Nasdaq recently, potential going lower and lower till next support due to non-stop pumping of stock market from Fed.
Be careful of the volatility and USD pairs.
Short term:
- Travelling in the down channel / falling wedge, with potential pullback or break channel to upside.
- Highly correlated to stock market movement - SPY / Nasdaq recently, potential going lower and lower till next support due to non-stop pumping of stock market from Fed.
Be careful of the volatility and USD pairs.