US DOLLAR CURRENCY INDEX
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DXY Roadmap Nov 2016

367
Countdown to top - last few month before surprising/long correction
Not
The doves Dudley and Yellen will speak tomorrow, expect USD reaction
Not
Some corrective action/consolidation before final up into 1Q17
Not
Tomorrow ECB meeting and FED next week. SO far DXY is correcting well, still could reach 99.40 on the downside before FED meeting
Not
Target range here on the upside is 103/105
Not
Upside Extension into 108/109
Not
Appears quite complex lower degree Wave 4 forming, looks like widening triangle
Not
Best is over, expect one final rise that could form marginal new high >103.80 at best. Expect low 90s into later part of 2017 before next upleg into 120

Feragatname

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