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DXY: This Is THE Level to Watch
Today I’m going to show you the level to watch on the US Dollar Index (DXY). If the dollar is going to continue higher, it must hold the level I share in the video below. I’ll also give my thoughts on where the dollar is headed later this year. The dollar index is pulling back today after an intense rally over the last few weeks. I thought we might get a 107.00 retest before a pullback, but markets had other plans. A 105.60 retest seems likely following today’s price action, which becomes a must-hold level for dollar bulls. Although we haven’t seen a weekly close above 105.60, we have seen the DXY close ... (full story)