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
