🔔DXY is retesting the 14-year support zone⚡️
U.S. Dollar Index (DXY) is touching the strong support zone that has been formed for more than 14 years.
If the USD bounces back, the impact will "theoretically" be as follows:
•Stocks: Risky cash flow is attracted to bonds and cash → short-term corrective pressure for stocks.
• Commodities (gold, silver, oil...): Commodity prices often move in the opposite direction of the USD. USD is strong
→ Gold & silver reduced their upward momentum, even turned back to correction.
• Crypto: Previous cycles have shown that: each strong rebound in DXY → crypto "weakens" for several weeks.
If the USD breaks below the support mark, it could enter a new cycle of weakness.
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