Strong Rally in the USD Dollar
The DXY has broken out further, likely with the anticipation of a more hawkish Fed, after retail sales on Wednesday have confirmed the impact of inflation on the economy. We have broken through 107.20, and seem to be headed for the 108's, currently in the upper 107 handle at the time of this writing. If we can break into the 108's, then 108.50 is the next target. If we retrace, then 107.20 should provide support.
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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.