The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week.
Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic behavior makes it hard to predict the dollar's future movements.
The dollar's latest decline suggests it might retest the $100 level, a crucial support zone. If the dollar starts to rise, surpassing the October high of $107 will be critical, as it could signal a shift from the current downward trend to a potential upward trend.
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Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic behavior makes it hard to predict the dollar's future movements.
The dollar's latest decline suggests it might retest the $100 level, a crucial support zone. If the dollar starts to rise, surpassing the October high of $107 will be critical, as it could signal a shift from the current downward trend to a potential upward trend.
If you enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。