The U.S. Dollar Index (DXY) has regained its bullish momentum, confirming a return to the uptrend on the daily timeframe. Key technical indicators signal strong upward potential, reinforcing a favorable outlook for USD strength in the coming sessions.
A sustained rally in the dollar is likely to exert downward pressure on gold prices (XAUUSD) and impact USD-based currency pairs. Given the prevailing market conditions, I anticipate USD pairs to present long-term buying opportunities. Traders should closely monitor price action across major forex pairs, as the strengthening dollar may unlock significant trading potential.
A sustained rally in the dollar is likely to exert downward pressure on gold prices (XAUUSD) and impact USD-based currency pairs. Given the prevailing market conditions, I anticipate USD pairs to present long-term buying opportunities. Traders should closely monitor price action across major forex pairs, as the strengthening dollar may unlock significant trading potential.
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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.