DXY dollar strength index Daily
Looking at the DXY from a higher time frame perspective we can see a solid rejection off of the 99.6 level which dates back to Feb'20, May'20 and May'22, which is the reason for a solid rejection here. As we move back into the 101-102 range we're seeing a lot of chop and indecision in the past.
As always, a messy range can be bypassed by strong volume, which is what we can expect from high imapct news events when looking at what news events are on the horizon.
As always, a messy range can be bypassed by strong volume, which is what we can expect from high imapct news events when looking at what news events are on the horizon.
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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.