TECHNICAL PROJECTION: BEARISH On the H4, we have a bearish bias that price will retest "B" & "D" area and to continue further bearish to 0.6665 target to complete its "e wave" from the bearish descending triangle pattern.
FUNDAMENTAL PROJECTION: BEARISH DXY STRENGTH: Market could be pricing further 75bps hike tightening to come & balance sheet reduction to continue at 60b & 35mbs over the three month timeframe. As price is currently retracing, look for a retest of 0.6800 before a move lower could be possible.