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DXY weekly chart late 2014 - present

DXY falling, not unprecedented

DXY has now fallen out 3-year range with new 52-week low with 13-week and 26-week exponential moving average acting as resistance. This setup has happened before, we can see from this example that happened late-2002.

CME FedWatch Tool screenshot taken on 04 January 2018

Hawks demand more!

Odds of a 25 basis point rate hike in March 2018 by the Federal Reserve increased dramatically since minutes of the December ’17 FOMC meeting was released last night.