From TradingView · · 30s
DXY Selling Pressure Continues
US Dollar Index shows persistent selling pressure as key resistance zone falls.
In brief
US Dollar Index shows persistent selling pressure as key resistance zone falls. US Dollar Index remains below 101.900-102.000 resistance zone with selling pressure continuing. Originally reported by TradingView.
Technical Outlook
US Dollar Index continues to show signs of weakness with selling pressure remaining persistent.
What's Driving the Dollar
Lower treasury yields, chinese yuan strength, and weak us housing data are weighing on the us dollar.
Main Risk
Rising oil prices could increase inflation concerns and push central banks to be more hawkish.
The big picture
US Dollar Index remains below 101.900-102.000 resistance zone with selling pressure continuing.
