The DXY has cleared buy-side liquidity and closed below the Point of Control, signaling potential weakness in the dollar. I’m expecting continued selling on USD pairs (USDCAD, USDJPY) while looking for buying opportunities on EURUSD, GBPUSD, NZDUSD, and AUDUSD. Overall bias: bearish on the Dollar Index.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.