DXY, Fresh look
Higher US yields helped DXY to recover slightly after the cliff fall recently on the news of low¬ish inflation data and FED's NOV minutes hinting slowing down of rate hikes in December and the months to come.
We see the dollar weakening further and rejected from the resistance trendline, down the support and the demand zone highlighted. 105.34 was (monthly low November 15) and a break below it would test 105.32 (200-day SMA) and finally 104.63 (monthly low August 10).
Love, Lacasafxfamily
We see the dollar weakening further and rejected from the resistance trendline, down the support and the demand zone highlighted. 105.34 was (monthly low November 15) and a break below it would test 105.32 (200-day SMA) and finally 104.63 (monthly low August 10).
Love, Lacasafxfamily
Related publications
Disclaimer
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.