Forex analytics and overview
U.S Dollar Index Targeting 100 Area In Risk-On Environment
2023.07.13 05:21
is down sharply as US yield declined following US CPI data yesterday when numbers came out down big, to 3% from 4%. Interestingly, cryptos are not attractive at this stage, while is one of the strongest, and its been doing well already week back when others were in a pullback mode.
Looking at the current strong risk-on environment, I think the USD can be headed even lower. As such, I adjusted the wave count as this can still be an ongoing extended impulse targeting 100 area, which can become some temporary support for the fourth wave rally.
