agree, headed low 80s due to poor materials complex, but with positive 2.5% carry still, and very oversold levels, its due a consolidation imho.
further short rallies are expected still. i think its range bound 86.5 to 88's for a while, as the positive carry will hold it up, and it appears USD index has topped out on the charts for this year.
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agree, headed low 80s due to poor materials complex, but with...
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