DXY is bottoming

7 בינו׳ 2021

What is clear is that USD is weak but also is clear that the market can't be unidirectional indefinitely.
Usd counterparts started the year strong but the new highs (and new lows for the index) are marginal and lacking power. So far all that USD could do was to have some intraday correction and I think this is about to change and we will have a lasting correction.
That being said I will look for opportunities of buying USD and my preferred pairs are EurUsd, AudUsd and NzdUsd for short and UsdJpy&UsdCad for long trades