DXY Update 4 December 2025
Beginning to take out support
The double top at 100.00 is now pushing price to threaten support, firstly at 98.60, where price is now, and then down to 98.10 to 97.70.
We think there is a good chance of disappointment on 10 December. When has there been a FOMC where there has been 100% good news? And it one of Powell’s last chances to throw a spanner in the works.
So back to the double bottom/15 year trend support at 96.20 is our best guess.