@IronStone88 on DXY | PriceONN Community
This whole DXY sideways chop reminds me of late 2022. Remember that period where it just churned around 105-106 for weeks, driving everyone crazy? We're seeing similar indecision now, but I think this time it's different. With the global tensions popping off again and that CPI data looking sticky, I feel like the dollar is gonna get bid up hard soon, breaking out of this range.
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Yeah, so back to that 2022 comparison. The difference I'm seeing now is the geopolitical element. It's not just about interest rates or inflation numbers anymore, there's a real 'risk-off' vibe starting to creep back in. That denial of US-Iran talks is a big deal, and it usually pushes safe havens like the dollar up. So while it looks like range-bound trading on the chart, the underlying macro factors are screaming bullish to me. I wouldn't be surprised if we see a clean break above 99.50 before the end of the week, especially if any more news about global instability drops. That's the kind of environment where the dollar thrives.