DXY is pressing into a key support zone around 98.0 after fading geopolitical-driven gains. Markets continue to lean toward de-escalation despite failed US-Iran talks, with softer oil adding downside pressure to the dollar.
Technically, this level is important—previous resistance turned support. A hold here could trigger a short-term bounce, especially with sentiment already stretched. However, a clean break lower opens the door toward pre-conflict levels.
For now, rallies look sellable unless tensions materially escalate.
Technically, this level is important—previous resistance turned support. A hold here could trigger a short-term bounce, especially with sentiment already stretched. However, a clean break lower opens the door toward pre-conflict levels.
For now, rallies look sellable unless tensions materially escalate.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
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Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading leveraged products carries a high level of risk and may result in losses exceeding your initial investment; ensure you fully understand the risks involved.
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
-
Use your TradingView charts to trade your Alchemy account: bit.ly/42vUfjL
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.