:
DXY breaking upwards through March downward channel
From Morgan Stanley:
"USD has gained further momentum, approaching technical levels. .
Another gain today and a closing price above yesterday’s high of 92.04 would confirm a trend change, arguing for another 3% gain of this index over the next couple of weeks
ultimately suggesting the DXY breaking above its November high near 100. However, not all conditions for the resumption of USD’s secular bull trend are in place.
