USD Continues Decline Spill over Across the Board

Early European session have pushed the USD index below the benchmark support @95.05 and have reached a new session low @94.68 as of this writing. As of March 04, 2016 our market insight have indicated a probable low that was briefly described as follows:

MARKET REWIND FOR USD INDEX AS OF 3.04.16
Although, the session prices with the USD reacted positively the overall strength have fizzled out and lost steam as the new month may prove to be a top heavy for such a price recovery without the real momentum in spite of the good data from the NFP. Meanwhile, the strength of the Aussie Dollar have reached above the 0.7400 levels which have validated our trade call from our previous post analysis below which happens to be an effective trade analysis well in place that may probably make a follow-through by the coming week.

UPDATE: DXY @94.68 LOW AS OF 3.17.16

The continuing decline of the USD is in line with the USDJPY reaching a low @110.68 which resulted to the spill over effects and price action with the European majors. Adding to the recent price recovery are Oil & Gold likewise resuming their upward direction which have placed a serious cap on the USD. With a weaker USD, this would provide further lift for commodities as well and included here is the AUSSIE Dollar being a commodity related currency that has proven to be on the same trajectory moving higher currently trading @0.7605 with a high price @0.7650 in early US trading session. Thus, turning trade positions into a Value Investing Strategy. However, playing it with caution; watch for session pullbacks by Friday being the end of the week's trading towards the closing session.