USDPKR Rally - Further Depreciation for the PKR

Key timelines in Pak political timeline are marked, no significant developments in last two weeks.
- DXY Strengthening is a cue for further falling for PKR
- Inflation stands at 40% YoY for the Sensitive Price Index.
- Inflation since 2022 Jan is ~25% on official records.

Already made loss of 30% since YTD. Further falling expected.

Nota

We've double topped, may have also reached its peak, let's see what happens, personally expecting a quick rebound on the to the upside over the coming weeks, then a freefall after the start of the new year (based on the megaphone pattern). would remain conditionally neutral.

hybridpotato

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

hybridpotato