The dollar will continue to rise, can be bought on dips
Yesterday, the US Department of Commerce released data showing a sharp drop in the month-on-month rate of durable goods orders in January, indicating weakness in the US economy and raising concerns in the market about the US dollar. As a result, the US dollar index fell yesterday and returned to its original trajectory from last Thursday.
As the price returns to its original trajectory, there is a high probability that the previous slow but steady upward trend will continue, as this is the inherent demand of the index.
In terms of trading strategy, as long as there are no significant news affecting the market today, there is a high probability that the US dollar index will continue to rise, so opportunities can be found for buying on dips. Today's overall trend is relatively simple, just follow the trend.
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DXYCURRENCYCOM:US30CURRENCYCOM:US100
US30USD
As the price returns to its original trajectory, there is a high probability that the previous slow but steady upward trend will continue, as this is the inherent demand of the index.
In terms of trading strategy, as long as there are no significant news affecting the market today, there is a high probability that the US dollar index will continue to rise, so opportunities can be found for buying on dips. Today's overall trend is relatively simple, just follow the trend.
Please click follow and maintain your reading habits. If you agree with the views, please click the rocket to support.
DXYCURRENCYCOM:US30CURRENCYCOM:US100US30USD
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