This through the oldsters at eFX.
Goldman Sachs revised down its USD/CAD, AUD/USD, and NZD/USD forecasts.
- “We now have revised our forecasts for USD/CAD to 1.38, 1.34, and 1.28 in 3, 6, and 12 months (vs 1.33, 1.30, and 1.26 beforehand),
- whereas our new forecasts for AUD/USD are 0.62, 0.67, and 0.71 (vs 0.67, 0.69, and 0.73 beforehand)
- and NZD/USD are 0.54, 0.60, and 0.64 (vs 0.59, 0.61, and 0.65 beforehand),” GS notes.
“That stated, there are definitely dangers to the broader view that might tilt the market into one other danger rally, the place yields come off, equities rise and the Greenback weakens. On this state of affairs, we expect NZD and AUD would outperform CAD and USD, particularly NZD on hawkish Fed reduction, whereas CAD strengthens vs USD however is held again on crosses by its stronger ties to the Greenback,” GS provides.
In abstract, DXY (not fairly, however FWIW):
I posted yesterday on the 2nd and third to final candles suggesting to me some sideways forward for DXY. Technical analysts, please weigh in within the feedback!
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