Dollar Index Price Changed Above Quarterly VWAP Value Area

The US Dollar index changed its price slightly above the Quarterly value area while the higher yield might boost the dollar higher sooner or later.

This month the dollar may be closing with the swing failure pattern around the highs, a possible sign of absorption. The current short-term downside rotation of the DX can have a positive effect on commodities to the upside.

Potential market operations are still able to lift the dollar higher to fight inflation such as in stocks.

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