In today’s briefing:
- USD Top Zone to Lead Risk Turn
USD Top Zone to Lead Risk Turn
- USD dip/rise into overshoot zone as the green back begins to feel out a topping zone. The dollar typically tops a few weeks ahead of and equity troughing cycle.
- DXY met our 110.50-111 tactical top target where we reduced overdone USD longs and placed a short bet (AUD and SGD) for a dip/rally.
- Expect USD splinters to appear in coming weeks as the DXY top near the 111.25 projection if we hold 107.50 now.
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