Why 90.82 Is The Most Important Line In USD
Let’s make this simple. The 90.82 S1 (monthly/weekly) on the DXY is the most important line to gauge the next directional imbalance. We have been fundamentally and technically bearish for God-knows-how-long, well, maybe about 16 months. We have not yet changed position on the dollar, as there is no confirmation on higher timeframes of a counter-trend. As we all know, auctions move in zig-zags, so of course, a counter-trend should be expected. If a 90.82 S1 is violated to the upside, we must ask: Will a pivot 95.71 reversion come next? Talk of upside is all noise unless 90.82 sustains a break.