The Loonie is now eyeing 1.2600 from nearer big figures below in both cases and the latter also gleaning some encouragement from a recovery of sorts in crude prices. Downside targets are displayed!
From the dollar perspective, the charts will say that the index breached a key Fib retracement level and crossed another semi-psychological barrier at 92.500, but the lack of follow-through buying suggests that bullish technical momentum was already fading, and the Dollar may have over-extended gains or simply rallied too far in short order. Whatever the reason, 92.506 appears to have been a turning point and the DXY is now testing 92.000 to the downside (91.949 low to be precise) amidst a broad Greenback retreat vs major peers, EM currencies and precious metals that were undermined by the post-US jobs data ratchet higher in yields.
From the dollar perspective, the charts will say that the index breached a key Fib retracement level and crossed another semi-psychological barrier at 92.500, but the lack of follow-through buying suggests that bullish technical momentum was already fading, and the Dollar may have over-extended gains or simply rallied too far in short order. Whatever the reason, 92.506 appears to have been a turning point and the DXY is now testing 92.000 to the downside (91.949 low to be precise) amidst a broad Greenback retreat vs major peers, EM currencies and precious metals that were undermined by the post-US jobs data ratchet higher in yields.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.