DXY D1 - Neutral outlook
DXY D1
The dollar index has displayed robust corrective movements in recent weeks, buoyed by a diverse set of supporting data points. The 103.000 handle emerges as a pivotal support zone, potentially paving the way for a substantial rebound in the USD. It remains to be seen how events will unfold.
Examining the market from its swing low to swing high, a substantial and healthy 55% correction has taken place thus far.
The dollar index has displayed robust corrective movements in recent weeks, buoyed by a diverse set of supporting data points. The 103.000 handle emerges as a pivotal support zone, potentially paving the way for a substantial rebound in the USD. It remains to be seen how events will unfold.
Examining the market from its swing low to swing high, a substantial and healthy 55% correction has taken place thus far.
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