Dollars making moves or rests not making moves

Indeks Mata Wang Dolar A.S. (TVC:DXY)

TVC:DXY Indeks Mata Wang Dolar A.S.

Looks like the dollar and yields are correcting. This could definitely give risk a buying opportunity as long as DXY is headed to $100-101. Since November 2022 DXY has been consolidating in a range between $99-108. The bull case shows DXY breaking out of a bullish flag while, the bear case shows an ABC correction. Until this range is broken its best to trade within the range and be wary for breakout moves to either side.

Penafian

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