Trade with overall trend. KEY resistance area, MACD divergence, deceleration. Global macro implications of brexit and likley weaker/weakening EU + uncertainly
USD/CAD is forming a new lower high @ the daily 50/60 EMA as a death cross is forming and USOIL is gaining strength. This is a technical trade targeting 1.25 in the near term
Barring a super awesome double bottom at 97.5 it’s looks probably for the DXY to continue its pullback to close out the year to the .5/.618 FIB retracement, downward TL, 200 EMA, and Key 96.5 support. I’m not seeing any immediate USD strength in the major’s except maybe the GBP and the CAD both of which seem to be attributed not to USD strength but to GBP...
