Idea on a chart

74
he DXY is trading near its December 2023 lows and appears poised to drop toward the July 2023 lows around the 99.60 level, particularly if NFP data disappoints. A continued decline could reinforce the downtrend that has been in place since the 2022 highs.

On the upside, the lower boundary of the trendline connecting consecutive higher lows between 2023 and 2024 is likely to offer resistance near the 102 level. A stronger-than-expected result could push the DXY higher, with potential resistance around the 104 level

Feragatname

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