Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: USD Top Zone to Lead Risk Turn and more

In today’s briefing:

  • USD Top Zone to Lead Risk Turn

USD Top Zone to Lead Risk Turn

By Thomas Schroeder

  • USD dip/rise into overshoot zone as the green back begins to feel out a topping zone. The dollar typically tops a few weeks ahead of and equity troughing cycle.
  • DXY met our 110.50-111 tactical top target where we reduced overdone USD longs and placed a short bet (AUD and SGD) for a dip/rally.
  • Expect USD splinters to appear in coming weeks as the DXY top near the 111.25 projection if we hold 107.50 now.

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