The Dixie (DXY) have finally achieved its initial target objective nearest to its all important price objective @88.80/92 basis point. .However, would not discount the probability of retaking it for a 2nd try & establish a new high before a pullback can be expected. It registered a recent high @88.20 basis as market sentiments remained strong for the USD with the FOMC, BOJ monetary policy move and the Jobs #'s from the NON-Farm Payroll maintaining a 9th consecutive job's growth and a lower Unemployment report of 5.8%.
The recent rally was anticipated since we have made mentioned that these times are exceptional that the USD movement came alongside with the strength direction of the Dow Jones on Wall Street reaching the 17580 levels from the start of the earnings season. The corrective move towards Friday's closing was likewise expected, since the end of the trading week was almost over and the risk events have been delivered with high expectations of good number results.
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