DXY can't hold the 200dma
As much as it doesn't make sense (Repo, global dollar liquidity shortage, worsening macro outlook) neither the DXY nor the S&P 500 seems to care.
So, if reality has not yet decided to assert itself in the market, then the DXY is probably headed down to test the bottom of this channel at 96.60.
So, if reality has not yet decided to assert itself in the market, then the DXY is probably headed down to test the bottom of this channel at 96.60.
Trade closed manually
Nearing the bottom of the channel here, and liquidity concerns in Repo have me too gun-shy to leave this open any longer.
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.
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.