DXY: Near Resistance Zone

14 ביולי 2021

This is 4 rejection from around 92.8 levels in last 6 trading sessions. It has failed to breakout despite high inflation numbers in US and increasing risk of the tapering of stimulus. If it has finally reversed for good then be ready for risk-on in EM including India. Hopefully Nifty crosses 16k and Bank Nifty breakouts above 36k soon