
The U.S. Dollar Index (DXY) is currently facing resistance around the 104.50 mark, showing signs of indecision and potential consolidation. Analysts have noted two consecutive long-body Dojis at the resistance level of 104.48, indicating market uncertainty. Some traders suggest that if the DXY convincingly drops below 104, it may indicate a short-term bearish trend for the dollar. Meanwhile, the 10-year Treasury yield continues to trend positively, riding the 8-day exponential moving average. Observers are also monitoring inverse dollar ETFs for further insights into market movements.
$UDN $UUP US Dollar #Dollar $USD 60 min chart of the INVERSE dollar ETF 👀 https://t.co/ufvLzWP34A
$DXY the dollar looking a bit toppy in the short term if it can lose 104 convincingly $TNX the 10 year yield still riding the 8ema https://t.co/bwvjscz1Ca
$DXY 1hr T/R trying to confirm https://t.co/5Jjoh0CyTO



