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Popeson
Oct 15, 2023 9:25 PM

DXY 1D ANALYSIS Long

U.S. Dollar Currency IndexTVC

Description

After DXY reversed from the keyzone level of 105.774 last week and moved back to the upside, my expectation for this week is that the market will continue the uptrend with the target areas identified above. The ongoing conflict between Israel and Palestine has increased the demand for the Dollar as a safe-haven asset.

However, it's important to note that other fundamental economic news releases could potentially reverse the trend this week. We'll need to keep a close eye on these developments.

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