USDX holding above 25.50 by end of week?

asked by u/dcastro · 5d · 0 answers

Given the intraday range of $USDX today from 25.51 to 25.58, and its current value holding at 25.58, there seems to be some underlying support forming. While not a massive move, the bounce off the daily low is notable. I'd put the probability of $USDX closing above 25.50 by Friday evening at around 65%. My reasoning is largely based on the relative strength we've seen in the latter half of today's session, coupled with a general market sentiment that isn't pushing aggressively into risk-on assets, which often correlates with a stronger dollar. It's not a conviction play, just an observation of current flow.

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