DXY thoughts?
In this quick glimpse for the DXY we began this year with a solidify phase of consolidation. You will notice that the DXY was bullish towards the end of 2021 with fundamental news and inflation impacting the value of the dollar. You will also notice market structure on the daily (D) timeframe which it created HH's and HL's before changing course of direction but, technically speaking the DXY is still bullish for the moment until structure is broken. The last HH it created was at 94.500 which is the key level where price action has shown a reaction. Now, the question remains...will the dollar show strength with support or continue its bearish run with the feds tightening down on monetary policy?
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