Post #15803

DXY Testing Key Support Going Into Major Data DXY is sitting right on support near the 96 handle, picking up some pressure after this morning’s soft Retail Sales print. Price is in a decision zone, and this level matters. Retail Sales came in flat (0.0% vs 0.4% expected), taking a bit of shine off the U.S. growth story. That said, the real movers this week are NFP and CPI — markets are likely in wait-and-see mode until those hit. Price action often stalls ahead of major releases. A net-negative read on the dollar could break 96 and open the door to fresh lows, while strong data could spark a broader USD rebound. - Alan