Key Dollar resistance zone

21 lug 2023

This is a very important dollar index level, if this were to hold up then we can get some more rally in the gold and the other metals. Equities as well. But if dollar breaks through this level then we will possibly get some sharp corrections in the commodities and the equities as well. The bet still will be that the level will hold up, but the oscillators are bouncing from the oversold levels hence it could do some time correction before the next leg of fall.