DXY: Consider a re-balance before the end of the year
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DXY is bullish no question and we may ultimately reach 116.5. But thinking we need to have a wave-4 rebalancing before then. Not sure when or why just looks right.
We still are yearly/ monthly bullish, but a retest of the 103.50 (.382 Fib retracement) would be VERY normal.
We still are yearly/ monthly bullish, but a retest of the 103.50 (.382 Fib retracement) would be VERY normal.
Note
Correction: \That would be daily and yearly bullish, midterm (monthly & weekly) remain cautiously neutral
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