Dxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down.
I have mentioned the important areas.
The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite far away and things for DXY can get complicated if it loses the next level as well.
On the other hand, let's not forget that big investors can't wait to sell their dollars to enter the market, so the pressure on the dollar at these moments is getting bigger and bigger.
I have mentioned the important areas.
The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite far away and things for DXY can get complicated if it loses the next level as well.
On the other hand, let's not forget that big investors can't wait to sell their dollars to enter the market, so the pressure on the dollar at these moments is getting bigger and bigger.