UPDATE: 6.06-to-6.27:
The US Dollar (DXY) Index has always been the barometer or leading
indicator amongst the major currency pairs being the dominant reserved
currency pair in the world affecting every currency component in the
basket of the index. Although, knowing how it works can best be
beneficial as market price behavior and sentiments can be gauged at
certain point in time.
A side by side comparison of the USD
Index compared with the USDCHF price performance post -ECB rate cut and a
Pre - NFP /Jobs report would be an ideal insight as how prices reacts
before & after risk events by understanding "Price and Market
Behavior" based on investors / traders sentiments. At times can be
defined with the pullbacks of each bar formation as shown on both the
DXY & USDCHF in particular @81.02 for the DXY vs. 0.9035 for the
USDCHF on 6.06.14.
C3 Continuing Analysis
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