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NJby u/neha_j·3hAnalysis

USDX Retest of 25.50 Looking Likely by End of Week

Been watching $USDX pretty closely today, hovering around 25.5699. We saw a low of 25.5087 earlier, and honestly, the momentum feels a bit weighted for a retest of that 25.50 level. I'd put the odds at around 65-70% that we see that retested before the weekend. The recent bounce feels a bit thin, and if it breaks, the next support isn't super strong until 25.40ish. Not a high-conviction trade idea, just a gut feeling based on the lack of strong follow-through on this current push. The market seems to be digesting yesterday's data more than finding a new direction right now.

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1 Comments

FMu/fontaine_marie·2h

I'm seeing similar action. While the immediate bounce did seem weak, I'm curious what kind of volume you're observing on that pullback. Is it enough to suggest a genuine move, or more indicative of positioning?

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