With more tapering ahead and less demand for dollar due to excessive supply since last years stimulus. i see the over all dxy index heading to the downside temporarily.
However looking at this pair there seems to be a slight shift of assets into emerging market funds such as ZAR,CNH,MXN,INR..
This pair looks like its preparing for a free fall and up for grabs to ride the wave to the downside. risk extremely in check considering this pair has some crazy spreads duRing illiquid hours ( 10pm-11:30pm GMT )
LETS SEE HOW THIS WILL PLAY OUT.
However looking at this pair there seems to be a slight shift of assets into emerging market funds such as ZAR,CNH,MXN,INR..
This pair looks like its preparing for a free fall and up for grabs to ride the wave to the downside. risk extremely in check considering this pair has some crazy spreads duRing illiquid hours ( 10pm-11:30pm GMT )
LETS SEE HOW THIS WILL PLAY OUT.
Trade closed: target reached:
:)