DXY Tests 101.80 Level, Seen as Possible Short-Term Ceiling
The US dollar index (DXY) is trading near 101.80, a level that may act as a near-term top, according to one market observer. Broader markets lack clear direction.
DXY
A quick scan across markets reveals little conviction, but the US dollar index (DXY) is drawing attention. The currency gauge is hovering around 101.80, a level that could cap upside in the near term.
With no other obvious catalysts standing out, the DXY's price action around this resistance area may be the key near-term story for currency traders.
Source: FXStreet Forex News