The DXY has broken major areas of resistance around 97.7. The price action has retested this level multiple times.
When the market broke above, it started correcting, and a bullish continuation flag pattern was printed.
With price now respecting these areas of previous resistance as they turn to support, it seem we will see price go higher.
The Dollar is under High inflation right now and so the Fed will be looking to raise rates. This will in turn increase the value of the dollar.
DXY
When the market broke above, it started correcting, and a bullish continuation flag pattern was printed.
With price now respecting these areas of previous resistance as they turn to support, it seem we will see price go higher.
The Dollar is under High inflation right now and so the Fed will be looking to raise rates. This will in turn increase the value of the dollar.
DXY
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