DXY

We are now coming back into a monthly trendline that we have previously seen clear bounces from, last week we saw anti-risk currencies like the Dollar and Japanese Yen decline and the likes of the Australian Dollar rise. Even though I am expecting price to reverse from around this area I have to take into account the rising coronavirus cases that have been recently reported in the US which are a concern, with new restrictions and lockdowns now being introduced, this maybe placing a hold on the recovery of global growth.