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Dollar to plunge & weaken in the long term?
This is a long term analysis on DXY. Dollar has a strong supply area around 98. As long as 103 isn't crossed, we can expect lower levels of 80 soon. Considering global macro factors, this is a strong possibility. The rub off of this would be huge on other linked currencies. One can keep a watch on this in coming months.
Disclaimer : This is a long term view, not a trade idea for you to execute. Trade at your own risk and consult your financial advisors.
DXY. Dollar has a strong supply area around 98. As long as 103 isn't crossed, we can expect lower levels of 80 soon. Considering global macro factors, this is a strong possibility. The rub off of this would be huge on other linked currencies. One can keep a watch on this in coming months.Disclaimer : This is a long term view, not a trade idea for you to execute. Trade at your own risk and consult your financial advisors.
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