IN EARLIER TIME, I SET AN INITIAL TARGET AT 95 LEVEL, IM STILL BULLISH ON DOLLAR , ESPECIALLY US 10-YEAR TREASURY HITS THE KEY PSYCHOLOGICAL LEVEL OF 3 PERCENT FOR THE FIRST TIME SINCE JANARY2014, NOT ONLY THAT , BUT AN INDEX CLASS MARKET BY THE 3 MONTH US TREASURY BILLS HAVE BECOME A CONTENDER AGAIN, AND THIS MAY MEAN MORE CAPITAL FLOWS INTO THE US DOLLAR.
WEN LOOKING AT THE RETURN OFFERED BY 3 MONTH GOVERMMENT DEBT, IT NOW ALIGNS WITH THE SP500‘S DIVIDEND YIELD FOR THE FIRST TIME SINCE 2008 SUCH A DEVELOPMENT IS SEEN AS AN INFLECTION POINT AND MAY CAUSE THE US DOLLAR TO FIRM FURTHER OVER TIME
TECHNICALLY SPEAKING: THE US DOLLAR HITS A KEY SUPPORT ZOON AT 88.4-89.70 AND THE FAILURE TO REACH THE LOWER END OF THE DESCENDING CHANNEL , WAS AN EARLY WARNING THAT THE UPPER LINE WILL BE BROKEN, AND THIS HAS ALREADY HAPPENED, WITH A DEEPPLY OVERSOLD VIA RSI WICH FORMS A BULLISH FAILURE SWING, ALL THIS POSITIVE SIGNS MEAN THAT THE RALLY HAVE MUCH , MUCH TO GO
