Observation on DXY
As we can see DXY on the weekly has been in a range since the beginning of 2023. From my observation lows have been taken from Jan-May 2023 in July 2023 and has had a powerful bullish move and even broken structure. If we can pass the 104.96 level clearly then we my see DXY reach 107.34 before the end of the year (big guess). Depending of what the result of the rest of the weeks data from the US and NFP on Friday, could we see DXY push up and the dollar weaken ?
We all know what this means when the Dollar weakens also.....
We all know what this means when the Dollar weakens also.....
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