The DXY bullish but currently moving bearish as a 4H break of structure occurred to the upside meaning a corrective pullback needs to occur to mitigate a demand zones below. This means for the time being on lower time frames we will be moving bearish, as a result currencies correlated to the DXY will be moving bullish as currencies are negatively correlated to the DXY index.
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.