Traders, until this correction in DXC works itself out it is tough to engage with any positions at this time unless you use wide stops, scale in and have some patience.
What is more useful is trying to see which pairs, despite the DXC weakness/sideways chop, are performing better.
As the Forex Strength Meter below shows, DXC is off .56% from the November 7th high but pairs like USD/JPY and USD/SGD are up 1.15% and .09% respectively.
It is reasonable to expect that all things being equal, when DXC does a kick to the upside and resumes the bullish trend, these 2 pairs will outperform.
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