FX Monthly (Sep ’17)

Bouncing from 107.40/50~ high of July.

Mixed studies and weakening background readings to limit upside tests.

An unexpected close above 115.00 would improve sentiment and turn investors Positive once again.

Following consolidation, fresh losses are looked for.

A later close below 107.40/50 will open up 105.00.

Cautious Downgrade to Negative.

To access the full report, covering the USD Index DXY, GBP/USD, EUR/USD, AUD/USD, USD/JPY, USD/CHF and USD/CAD, please click here

Comments are closed.