Will 100 hold?

2023年11月28日

The 50-month EMA is at a critical price support level which will either be support, or it will turn out to be resistance. With the current strength in metals and stocks, the market is still in risk-off mode. This contributes to a potential drop and support of the dollar at 100.
However, with the Vix looking for a bottom, this trend might change and we will see the dollar strength returning with metals and stocks selling off.