Chart of the Day – DXY – (July 12th, 2023)
The post Chart of the Day – DXY – (July 12th, 2023) appeared first on ForexAnalytix - Blog.
Following weak CPI, the DXY breaks support.
The DXY is breaking lower following the weaker than expected CPI data today, and while below the 101.00 level we have to be looking for a move towards the 99.75 level. RSI is reaching oversold, but pointing lower. A move back above the 101.00 level by the end of the week would suggest a false breakdown and recovery higher.
Blake Morrow
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Steve Voulgaridis
The post Chart of the Day – DXY – (July 12th, 2023) appeared first on ForexAnalytix - Blog.
