TheWizardsZone

DXY: Is it finally headed back to sub 90 levels?

TVC:DXY   U.S. Dollar Currency Index
After all these positive economy date from the US and talks to taper by the Fed... DXY has failed to sustain above 93 for whole of last week...in fact it has made a perfect double top at 93.2 levels and it has fallen sharply from there on Friday...91.2 would be the next important level to watch...below that we may be headed for the retest of 89.5 levels...this view if it plays out will be good for metals (both precious and base) and EMs including India

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