#DXY played out exactly as expected a clean breakdown followed by range-bound trading. This move already had an impact on global markets, though crypto hasn’t reacted strongly yet.
In the near term, a minor retracement next week wouldn’t be surprising. That said, the broader structure still points lower, with price likely moving toward the major support zone around 97.46 – 97.81.
Worth keeping a close eye on how markets respond as this level approaches.
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#DXY played out exactly as expected a clean breakdown followed by range-bound trading. This move already had an impact on global markets, though crypto hasn’t reacted strongly yet.
In the near term, a minor retracement next week wouldn’t be surprising. That said, the broader structure still points lower, with price likely moving toward the major support zone around 97.46 – 97.81.
Worth keeping a close eye on how markets respond as this level approaches.