BucketofRust

DXY Key Resistance/Support JAN 18'

INDEX:DXY   US DOLLAR CURRENCY INDEX
Main themes are whether the continuing trend of de-dollarisation continues given the moves by BRICS to move away from the greenback and the SWIFT system.

Showdown due for January 18', break below support would likely see a dramatic move down, if the DXY tests the resistance and goes higher, it will likely be a slower grind higher with the expectations of future Fed rate hikes.

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