DXY - supply/sellers reduced, another rise off 94.00 demand area
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We had no real breakdown in USD below 94.00, if you look at the weekly chart. This remains the line in the sand and the catalyst for that would probably be some kind of FED news. Other than that we have to look at the big picture - we can see a prior strong uptrend and now a consolidation phase in time and price. I am cautiously bullish.
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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.