It’s got a clear pathway upwards, any significant bounce could drive the dollar-index over its high today, a big range today.
DXY or DIXY as it’s also known, is at a 50% retrace level from its low set a few months ago and it’s push just breaking parity only a couple weeks back.
Its found support, depends now on the Vix significantly moving up and causing a flight to safety.
Short term intraday timeframes still indicate the dollar is set to move lower but there is this massive anomaly now.
DXY or DIXY as it’s also known, is at a 50% retrace level from its low set a few months ago and it’s push just breaking parity only a couple weeks back.
Its found support, depends now on the Vix significantly moving up and causing a flight to safety.
Short term intraday timeframes still indicate the dollar is set to move lower but there is this massive anomaly now.
MusicalNight
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MusicalNight
Disclaimer
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.