andrew.han

DXY: LONG [D] [10/07]

Long
INDEX:DXY   US DOLLAR CURRENCY INDEX
DXY | Strong | 100.00 – 96.50
- The FED looks to decrease interest rates in 2020 sending the Dollar lower last week and has since rebounded. Move towards 99.00 was seen in prior weeks.
- US-China trade war continues to influence the markets. This has not stopped China from buying US Bonds.
- Dollar has held under 99.00 since November 2018 and above the October 2018 lows around 95.00.
- Key BUY area 96.90/96.60 R30

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