Bad News For Risk Assets 📉 The Chart Report
Chart of the Day
🏆 Today's Chart of the Day was shared by CarpeNoctom.
The U.S. Dollar Index resolved higher from a tight coil and is now challenging the psychologically important 100 level.
This area has acted as a key battleground over the past year, and a decisive move above it would create additional pressure for equities and risk assets as a whole.
With the dollar repeatedly failing to sustain a new downtrend, the year-long consolidation is starting to look more like accumulation than a pause before the next leg lower.
The Takeaway: The U.S. Dollar's resilience is becoming harder to ignore, with a break above 100 setting the stage for further upside.
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