mikhem

US Dollar LT Trend Still Up - For Now

TVC:DXY   U.S. Dollar Currency Index
Although the DXY has weakened from recent highs touching 97.7, the longterm trend is still positive. That said I'm not expecting a significant push through towards 98 and higher, more likely a drift down toward 95. There is support at this level, but if that doesn't hold we could be looking at 94. Let's see what happens with Trump and Xi to get a better idea on direction