U.S. Dollar IndexShort
DXY
Not buying this move in DXY at all.
Pump faking in both directions about the mid of current range
Now testing downtrend line that has confined it since November 1
Imo likely rejects at downtrend line, loses mid range, and then elevator down to its yearly lows before end of year
Remember, rate cuts next year so dollar has to reprice lower
Pump faking in both directions about the mid of current range
Now testing downtrend line that has confined it since November 1
Imo likely rejects at downtrend line, loses mid range, and then elevator down to its yearly lows before end of year
Remember, rate cuts next year so dollar has to reprice lower
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