All Eyes on the U.S Dollar 📈 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by Alfonso De Pablos.
The U.S. Dollar Index ($DXY) made a new year-to-date high before fading into the close, though it still finished the session higher.
Volatility remains extremely compressed, and given the duration of this consolidation, a range expansion is likely to be forceful.
A move back above the confluence of resistance near 100 would represent a meaningful tailwind for the broader market.
The Takeaway: The dollar is consolidating just below major polarity, and its next move is likely to set the tone for risk assets.
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