After this morning's insane inflation print (YoY CPI of 5.4%), the Dollar (DXY) is being heavily bid (again). We just saw a rejection at the wedge this morning for the 4th time in a month. It's been a bumpy ride, but if the wedge is recaptured on broader market weakness, our 2H target remains 95+...
@tatva Definitely. Longer timeframes show a breakout could be near. Let’s see how it plays out.
Mihai_Iacob
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Looks good,thanks for the head up
Hedge_Of_The_World
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@OptimoomFX, Cheers!
HK_L61
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Once the 10YR Yield breaks 1.51 and then 1.71 - the DX should break higher, ultimately the Liquidity Crisis should see the DX retest its 1999/2000 highs @ 125.
Appears impossible, yes.
It is what may well happen.
Hedge_Of_The_World
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@JRML115847, Agreed. It's going to be a long tightening cycle ahead imo.
jojofang0901
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I personally have the same bullish bias on the USD as well thx :)