The US Dollar is currently in a crucial position as it attempts to surpass a significant resistance level [known as S1] despite being technically overbought. This level has previously acted as both a support and a barrier for past movements.
We are continuously monitoring the correlation between the US Dollar [white] and all other asset classes [orange] in the hopes of detecting a shift from the current negative trend, but there has been no significant change so far.
If the US Dollar does break out, all other asset classes may react violently.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Food for thought: US Dollar Breakout Warning
The US Dollar is currently in a crucial position as it attempts to surpass a significant resistance level [known as S1] despite being technically overbought. This level has previously acted as both a support and a barrier for past movements.
We are continuously monitoring the correlation between the US Dollar [white] and all other asset classes [orange] in the hopes of detecting a shift from the current negative trend, but there has been no significant change so far.
If the US Dollar does break out, all other asset classes may react violently.