DXY Outlook: FX Confusion As The U.S. Dollar Forms A Double Bottom - Can The Ceasefire Stand?
2026-05-05·via All Articles on Seeking Alpha
Summary
The US dollar recovered a good part of its losses in the early week, forming a key double-bottom. More upside to come?
With oil bouncing back above $105, its correlation with the FX market picks up again.
US Dollar Index (DXY) in-depth technical analysis.
MCCAIG/E+ via Getty Images
By Elior Manier
The US dollar (DXY) regained much of its early-week losses and formed a double-bottom pattern on the charts, making traders question if more gains are ahead. As WTI crude jumped back above $105, the link
