$DXY back to 102

DXY looks like it wants to go back to 102, almost 103.

Downtrend was broken with gusto; multiple bullish candles to confirm the change in trend on the monthly chart. Looks primed and ready to hit 102/103 and most likely surpass those levels after contending with it a second time.

This will most likely be a headwind for emerging markets. So it may be prudent to trim or hedge there if you have holdings.

Yorum:

DXY may be heading back there now, just heading down this time.