Dollar Rises After Strong NFP Data: More Upside Expected (VIDEO)
The dollar is on the move after strong NFP data and ethe ven stocks are doing quite well lately, But question is how long will stocks be able to handle this? Well. I see more upside for DXY, even to 104 after the dip. 38.2% is now the resistance, but 61.8% is much more attractive for this a-b-c rally.
In my next video, I’ll take a look at DXY, Cable, Crude, Gold, and even Nvidia.
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GH
On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.