DXY - just a pause?
The DXY has managed pausing for a few days, moving towards the lower part of the trend channel.
Note the 50/100 moving average cross in late March. The "real" golden cross would occur if the 50 day crossed the 200 day, but we need to move higher for that. For now, the DXY is taking a well deserved pause, but if we take out the 93.5 level, those last spec shorts will need to chase the dollar higher again.
Note the similarities to the set up in 2018.
Note the 50/100 moving average cross in late March. The "real" golden cross would occur if the 50 day crossed the 200 day, but we need to move higher for that. For now, the DXY is taking a well deserved pause, but if we take out the 93.5 level, those last spec shorts will need to chase the dollar higher again.
Note the similarities to the set up in 2018.
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