When you look at DXY, it is so neutral that it is extremely hard to tell which way it might go. It is still in the downtrend as labeled, but I would like to see if it would try to break the resistance this week.
This week got a bunch of incentives, and as we saw ISM Manufacturing PMI didn't create a selloff for DXY, but on the other hand, the DXY is pretty much rising solely because of weak
EURUSD
, and depreciating against all currencies(
USDCNH
,
GBPUSD
USDJPY
,etc.)
Watching, don't go all in yet. Let the trend decide and we shall make a move.
This week got a bunch of incentives, and as we saw ISM Manufacturing PMI didn't create a selloff for DXY, but on the other hand, the DXY is pretty much rising solely because of weak
EURUSD
, and depreciating against all currencies(
USDCNH
,
GBPUSD
USDJPY
,etc.) Watching, don't go all in yet. Let the trend decide and we shall make a move.
