FX Weekly (25 Jun ’17)

USD attempting to stabiliseThe USD DXY Index is balanced around 97.00.

Early signs of improvement are appearing as oversold momentum unwinds and the Tension Indicator turns higher.

A break above 98.00 will open up 98.54.

Investors are currently neutral, but a close below 96.32 will prompt a downgrade to Underweight.

 

 

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