DXY has tried to breakthrough 0.618 place in past 2 weeks. Please note that these two failed trials are with the condition of US will have rate hike in March'15th.
So very possible that it may try a third time to yellow zone till March'15th and pending for further signals from Fed whether they will 1.continue rate hike in June or 2. the rate hike percentage in Mar is beyond everyone expected, then the DXY will choose directly to go upper or go down to retest channel bottom.
So very possible that it may try a third time to yellow zone till March'15th and pending for further signals from Fed whether they will 1.continue rate hike in June or 2. the rate hike percentage in Mar is beyond everyone expected, then the DXY will choose directly to go upper or go down to retest channel bottom.
Comment:
A big drop for the week. Looking for more drop at least till the blue line below.
Comment:
almost there, pay more patience wait for it to drop to bottom blue line.
