Should start thinking about what positions you have in now that are dollar short themed and look to close them up. Looks like we could potentially have a rally through election period. Despite downside attempts, DXY has sustained above 95 level. Upside to 100+ can be seen
Also note where the technicals are. Key level today. Inside trendline broken.
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here we go!
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NFP BAD MAY SEE SOME PULLBACK NOW.
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New Swing high. Mark this level at EOD
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retesting yesterdays high
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DXY Still looking strong after FOMC Minutes. The rally should continue
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Extremely powerful week!
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expecting to push up farther now. Look what area is holding past few days.
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looks like its following the forecast nicely
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We have now reached the 99 level. It would not be surprising to consolidate/ small pullback here
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we may test the purple support level before the 3Q GDP reading comes in
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DXY hit 100 today. BOOM
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did we all have a good time?
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I have started to position myself for the dollar uptrend. It does seem as though we have had a "proper breakout" and DXY is headed up for some more gains soon! Heavy USD data coming in the next few days