Thoughts on the US Dollar Index (DXY).
Since the 1980s, the 101 range rejected DXY 7 times. Its currently retraced to diagonal resistance flipped support, extending from the early 2000s, now at 101.8.
With the Fed approaching peak rates, this confluence of levels could signal more downside. The next FOMC is a critical one.
If the DXY continues it's descent, commodities, equities, crypto, etc. will respond favorably.
DXY
Since the 1980s, the 101 range rejected DXY 7 times. Its currently retraced to diagonal resistance flipped support, extending from the early 2000s, now at 101.8.
With the Fed approaching peak rates, this confluence of levels could signal more downside. The next FOMC is a critical one.
If the DXY continues it's descent, commodities, equities, crypto, etc. will respond favorably.
DXY
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。