Description
⋅ DXY had a rough November and closed the month below the 200 MA, as long as it remains below it our outlook for the dollar remains bearish.
The dollar faces two DAILY demand zones:
-Scenario A: it rebounds from 103.6 to 104.2
- Scenario B it closes below the first demand zone and revisits the second demand zone from 101.1 to 101.6.
- From these demand zones we expect a rebound that will draw the further future for the dollar.