FX Weekly (26 Nov ’17)

USD (DXY) coming under increased selling pressureUSD DXY Index extending pullback from 95.00 to test support within 95.60/75.

Further losses towards the 92.00, (76.4%) Fibonacci retracement cannot be ruled out, as momentum studies weaken.

However, the rising Tension Indicator and improving background studies highlight potential consolidation around here.

A close above 94.20 will help to stabilise price action.

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.