USD index (DXY) recoils to test the SMA 50 breakdown, as expected
Per NFTRH 689’s Currencies segment…
“USD index dropped harder than I’d expected from the SMA 50 to just above the first support area at 94.50. Then it had an up day on Friday. Commodity currencies CAD & AUD stopped at resistance and the status remains the same. The ‘CRB to [target omitted], USD to 93’ play is still alive but again, I did not expect such a firm down move in the buck. An interim bounce to test the breakdown could be in order.”
Well there goes Uncle Buck, rampaging to the short-term breakdown area.
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