Key timelines in Pak political timeline are marked, no significant developments in last two weeks. - DXY Strengthening is a cue for further falling for PKR - Inflation stands at 40% YoY for the Sensitive Price Index. - Inflation since 2022 Jan is ~25% on official records.
Already made loss of 30% since YTD. Further falling expected.
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We've double topped, DXY may have also reached its peak, let's see what happens, personally expecting a quick rebound on the DXY to the upside over the coming weeks, then a freefall after the start of the new year (based on the megaphone pattern). USDPKR would remain conditionally neutral.
@BlackBirdTrading, By December seems likely we'll reach 230 level of resistance, bounce from there, then smother that level for a fair bit. DXY is on an uproar, US Securities in red waterfall too. Likely will impact dollar purchasing across country as it has previously and further depreciate PKR.
BlackBirdTrading
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@hybridpotato, I have different style of charting my chart showing same as you said. This is what I am seeing. Also I have a monthly chart check that as well you will love it.