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Thoughts on NFP impact on the dollar index
Been looking at the DXY ahead of Friday's NFP numbers, and I'm curious if anyone else is watching for a move back towards the 104.50 area on a strong print. We've seen some consolidation, but a significant beat could easily see that resistance tested again. On the flip side, a weaker-than-expected number, especially with the recent $PYUSD stability, might push us back to test the 103.80 support, invalidating that upward momentum for now. What are your thoughts on potential scenarios here?
1 comments · 19 points
Yeah, I'm definitely keeping an eye on those levels. It feels like we're just waiting for a catalyst to pick a direction, and NFP is usually a big one. Curious to see how much of a beat or miss it takes to really get things moving.