It has been climbing up from a low of 1.36% to recent high of 1.63%. The short term key resistance is 1.63%. A break above this level could cause a surge in USD and correspondingly weakness in emerging markets and commodities. This blog thinks there will be a likely breakout above 1.70% causing a correction in global markets in the weeks ahead.
All posts and charts are for educational and illustration purposes only
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.