Hello Traders!
I am currently bearish on the DXY. Which means Im bullish on foreign currency (xxx/USD).
We can see price has recent failed to make a new higher high while other currencies like NZD/USD* made a new lower low.
I can not trade the DXY but we must always mark it up and watch it as many other currencies run through this one currency.
Let's study price as we go along this new trading month.
We will also observe some NFP price action.
I am currently bearish on the DXY. Which means Im bullish on foreign currency (xxx/USD).
We can see price has recent failed to make a new higher high while other currencies like NZD/USD* made a new lower low.
I can not trade the DXY but we must always mark it up and watch it as many other currencies run through this one currency.
Let's study price as we go along this new trading month.
We will also observe some NFP price action.
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