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Neon
Nov 15, 2016 12:19 PM

DXY Roadmap Nov 2016 

US DOLLAR CURRENCY INDEXINDEX

Description

Countdown to top - last few month before surprising/long correction

Comment

The doves Dudley and Yellen will speak tomorrow, expect USD reaction

Comment

Some corrective action/consolidation before final up into 1Q17

Comment

Tomorrow ECB meeting and FED next week. SO far DXY is correcting well, still could reach 99.40 on the downside before FED meeting

Comment

Target range here on the upside is 103/105

Comment

Upside Extension into 108/109

Comment

Appears quite complex lower degree Wave 4 forming, looks like widening triangle

Comment

Best is over, expect one final rise that could form marginal new high >103.80 at best. Expect low 90s into later part of 2017 before next upleg into 120
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