HomeContributorsTechnical AnalysisBearish Yields Could Send US Dollar Lower

Bearish Yields Could Send US Dollar Lower

US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% – 2.5%.

At the same time, we can see US dollar Index – DXY also turning down due to a positive correlation with Yields, we just saw some divergence in 2023.

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