DXY bullish move expected as range has broken.

2017년 3월 5일

Technical Analysis:

• As the range is broken, we sill most likely see the DXY hit the target zone between 105.41 to 105.79.
  

• A pull back shoul be considered going further down to 50% of the range before finally going back up to the target zone.
  

Fundamental Analysis
Excerpts from Chair Janet Yellen Speech At The Executives' Club of Chicago, Chicago, Illinois:

The economy has essentially met the employment portion of our mandate and inflation is moving closer to our 2 percent objective

Looking ahead, we continue to expect the evolution of the economy to warrant further gradual increases in the target range for the federal funds rate.