🔻U.S. Dollar Flagging Oversold Levels vs Peers: Cable FX Macro

**As seen in Macro Walk report 11/17/23, subscribe at cablefxm.co.uk/reports

• The U.S. dollar extended declines from its YTD peak, a measure of the dollar vs peers is close to reaching a key fibo retracement level from the July to October rally

• The technical section in our Macro Walk report is flagging oversold levels in USD crosses. The yuan and the Swedish krona hold RSI figures above 70.0 while the euro is following closely

• A separate indicator shows SEK holding the strongest momentum vs peers