After last wednesday's move of massive dollar sell off. My bias is the Market Movers want a weaker dollar in the short term at least. I have drawn up my targets for potential buying. Note if the Aussie Dollar breaks the last trend-line drawn. I will then change my viewpoint and will begin examining further DXY
strength and AXY
sell off. This is really just technical analysis
. No fundamentals given. Although listening to the Secretary of Treasury speak at DAVOS saying the administration is not taking a strong dollar policy. My bias is that any of these moves of dollar strength is only correction. Afterall, what have we seen since January 1, 2017? A weaker dollar.