DXY dollar strength index Daily

Looking at the DXY from a higher time frame perspective we can see a solid rejection off of the 99.6 level which dates back to Feb'20, May'20 and May'22, which is the reason for a solid rejection here. As we move back into the 101-102 range we're seeing a lot of chop and indecision in the past.

As always, a messy range can be bypassed by strong volume, which is what we can expect from high imapct news events when looking at what news events are on the horizon.