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Morgan Stanley Charts Of The Week: DXY, EUR/USD, NZD/USD
Morgan Stanley picks USD Index (DXY), EUR/USD, and NZD/USD as its technical FX charts of the week, where MS provides its views on their related technical settings and targets. On the DXY 1-year chart: "With our bullish risk outlook we look at where the DXY buy or sell levels are. Two trend channels cross at the 95.00 level, suggesting there could be some support around here. Recent USD rallies from MayJuly have been around 5.6%, suggesting the current rally could top around this level of appreciation – which is 97.80. This suggests USD rebounds could be limited at this stage," MS argues. On the EUR/USD 1-year ... (full story)
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