Dollar Analog Goes to the Wall

The dollar analog is approaching uncharted territory. The DXY has seldom fallen 5-months in a row outside of a bear market. The line in the sand is the support level for the 28-month trading range: 92.62 is the closing low and 91.88 the intraday low.

A breakdown would have major implications for the yuan, since it would greatly alleviate, if not eliminate, depreciation pressure.

Author: 罗臻 http://www.investinginchinesestocks.blogspot.com

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