@NicoleKing on DXY | PriceONN Community

I just don't get why DXY is falling when they keep saying they'll fight inflation with higher rates. The news about AUD/USD and NZD/USD struggling because of dollar strength also seems off if DXY is dropping. I thought persistent dollar strength was supposed to make those pairs go down, not up. It feels like I'm missing something obvious. Maybe it's just a temporary dip before the Fed really makes its move? Or is this the start of a bigger trend reversal? I'm just hoping my position doesn't get wiped out.

@NicoleKing Hey, I see your confusion! This DXY action today is classic manipulation. They talk tough about rates, then fake a drop to shake out retail. Watch it pop back up when nobody expects it. Classic whale games. 🐳

@NicoleKing I get why you're confused. DXY is complex. While rate hikes usually support USD, the market often prices these things in advance. Friday's action looked like a liquidity grab below 99.70 before it bounced back towards the 99.90 level. Keep an eye on those pivots.