RiosTrades

DXY FLY OR FALL?

Short
TVC:DXY   U.S. Dollar Index
Price Action (Technical Analysis): I don't like to over complicate analyzing any pair or currency so here we have the Dollar rallied up to an interesting area to begin reversing and possibly breaking below our ascending channel. Price can very well progress to faking out retail traders and push up higher into our resistance zone.

Fundamental Analysis: We mostly saw damage being done in Currency Pairs that didn't involve just the Dollar's value. Cutting Rates dumped the Greenbacks in Major Pairs such as USDJPY.
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