Hong Kong
2024-11-06 23:24
IndustryTrump Drives Continued Dollar Strength
Yesterday, I analyzed the potential for a DXY pullback at current resistance levels, identifying two target support levels at 103.4 and 102.9. Today, on U.S. Election Day, the DXY indeed pulled back, briefly dipping below 103.4 before quickly rebounding, signaling strong support below.
As election results unfold, renewed market interest in safe-haven assets may push DXY higher, with the next target set at the key resistance level of 106.6. If this upward momentum continues, it could confirm a sustained rally, particularly as political uncertainty eases.
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Trump Drives Continued Dollar Strength
Hong Kong | 2024-11-06 23:24
Yesterday, I analyzed the potential for a DXY pullback at current resistance levels, identifying two target support levels at 103.4 and 102.9. Today, on U.S. Election Day, the DXY indeed pulled back, briefly dipping below 103.4 before quickly rebounding, signaling strong support below.
As election results unfold, renewed market interest in safe-haven assets may push DXY higher, with the next target set at the key resistance level of 106.6. If this upward momentum continues, it could confirm a sustained rally, particularly as political uncertainty eases.
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