DXY seems going HIGHER as STRONG ECONOMIC DATA

6 ngày trước

DXY currently traded higher after strong economic data last Friday. NFP data told us that US labor market remain strong. We also can see at Tuesday Job Opening data which showed us "higher than expected - higher than previous month" and finally drives the price up. At the last speech, Powell also said that FED isn't in a rush condition to reduce the interest rate. All of this information gives more optimism to big player in the market to buy dollar.

Technical analysis in the picture tells DXY failed to make breakout movement below weekly trendline support and seems continue to move to it's last high around 106.75. If this resistance can't hold the price, it will be double bottom chart pattern and could move dollar to it's 22 Nov high around 108.xx

So currently i saw buy opportunity for dollar and sell opportunity in the counter currency of dollar.