Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Expanding USD Top Signals and more

In today’s briefing:

  • Expanding USD Top Signals

Expanding USD Top Signals

By Thomas Schroeder

  • USD splinters outlined at DXY 114 with select USD shorts in AUD, SGD, ZAR, BRL. Call to reduce USD longs with a buy level at 111, fade and 109.50.
  • US 10yr pivot support at 4% is the bull bear divide for risk and a bigger USD downturn. USD weakness telegraphing a yield decline and stronger Q4 risk cycle.
  • Trade USD uptick in some of the weaker Asian units with a plan to expand shorts for a bigger Q4 slide to DXY 105.

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