By mid August the worldwide market crash will not only begin, but is very likely to already go past its acute phase. Some afterparty left for August and Sept, but the most dramatic action is going to unfold in the next few weeks.
During the crash USDCNY will definitely hit 7.32, but I expect it to go a lot higher. 7.80..7.90 is definitely on the radar.
8.20 is the ultimate target. It will get close, but unlikely to break above.
Great analysis, as always. Can I ask what your view is on DXY? I'm only a beginner😊, thx a lot for your time.
AndyM
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@adoringDog30317, DXY still has a very big upside potential. Considering that the Euro is targeting 0.75..0.80 to the dollar, DXY will move up accordingly.