USD_ DXM16

Weekly – The 93.00 level is acting as support. Trade pressures are down but rising. Volumes have changed from bullish to neutral.

Daily – In the move up from the 93.48 level. Trade pressures are up. Volumes are bullish.

The next target up is 96.04.

 

30YR T-BONDS_ USM16

Weekly – In a move down, but retracing upward to the April highs of 167-06. Trade pressures are down but with a hook up.

Volumes are mixed, neutral to bullish.  This is pricing the 30 year yield at 2.55%?

Daily – Flat. The move up has stopped out any short trades. Trade pressures are up and extended. Volumes are bullish.

This short cycle move up has an upside target of 167-07.

A close below 164-26 would signal a move lower.