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Dollar Index (DXY) Analysis | InvestmentBell

AnalyseIndicesAnalyse de l'indice du dollar (DXY)

Analyse de l'indice du dollar (DXY)

After making a strong bullish breach, the dollar retested the 102.350 area, and after completing the retest, it is supposed to target higher areas. If it is broken and stabilized above the 102.700 area, we will see areas of 103,000/103,500, but if stability is below the 102,000 area, we will see areas of 101.700/101,500. Of course, today the Empire State Industrial Index was released and was strongly negative for the US dollar at a rate of (-31.8), and it led to the Fed’s fear of this rate. Tomorrow, we will witness a violent movement in the markets through the data that will be issued, which is (retail sales rates), which will have a strong impact on the indices.

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