Is the King of the currencies ready to take back the throne ?
The major trend has changed since January 2021, and currently, my chart says that 87-89 potentially the bottom.
Technically I reckon there's a possibility that DXY will climb to 94 zones; that zone was the broken neckline.
Historical Inflation Rates: 1914-2021
usinflationcalculator.com/inflation/historical-inflation-rates/
US CPI bls.gov/news.release/archives/cpi_05122021.htm
"Treasury secretary Yellen does not anticipate inflation to be a problem" wsj.com/articles/us-inflation-consumer-price-index-april-2021-11620781266
Technically I reckon there's a possibility that DXY will climb to 94 zones; that zone was the broken neckline.
Historical Inflation Rates: 1914-2021
usinflationcalculator.com/inflation/historical-inflation-rates/
US CPI bls.gov/news.release/archives/cpi_05122021.htm
"Treasury secretary Yellen does not anticipate inflation to be a problem" wsj.com/articles/us-inflation-consumer-price-index-april-2021-11620781266
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