This post was originally published on this site.Westpac is looking for another leg lower in the US dollar and suggests selling the Dollar Index on a break of 99.40. The bank highlights 99.40 as key support over the past two months and would sell a downside break, targeting 98.00 with a stop at 99.90. Westpac said a benign July CPI report along with convincing steps towards reopening the Strait could provide the catalyst but we haven’t seen that this week. The important point is that this isn’t a live short yet. They’re waiting for the technical break rather than trying...
BlockchainAugust 12, 2026August 12, 2026
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