The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band.
However, the index and Greenback in general may benefit from underlying bids into 91.000 given that large technical factors are pointing proximity at 91.019 today.
I expect some immediate further decline.
But overall will be keeping close eye on the next couple of days for longer term bias.
However, the index and Greenback in general may benefit from underlying bids into 91.000 given that large technical factors are pointing proximity at 91.019 today.
I expect some immediate further decline.
But overall will be keeping close eye on the next couple of days for longer term bias.