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The US Dollar Had Its Fun But Now Appears Set For A Pullback
So far, USD is on track for a positive close in November, a month which has historically been favourable to bulls. Yet nothing moves in a straight line and it appears bears could now have their say. DXY: A bearish outside day has formed and price action appears poised to retest the support zone around 97.86-98.00. Given the strength of bullish momentum from the 97 support one, the bias is for a minor pullback and for DXY to head towards 98.64 resistance. However, as previously noted, whilst November is typically a bullish month for the dollar, December is typically bearish. As seasonality is merely a tendency, their ... (full story)