Chart of the Day - Thursday, April 10, 2025

April 10, 2025
Patrick Dunuwila

Chart of the Day

🏆 Today's Chart of the Day was shared by Jason Perz (@JasonP138). 
 

  • The US Dollar Index ($DXY) had its worst day since November 2022 today, dropping -1.94% to a six-month low. 
     
  • $DXY has been range-bound over the past two years. However, Jason points out that it's testing the lower bounds of the range, around $100. 
     
  • This level has already acted as support several times. If $DXY finally breaks below $100, it will open the door for further Dollar weakness in the coming months/years.
     

The Takeaway: Today was the worst day for the US Dollar Index ($DXY) in over two years. It's testing support at $100 and threatening to break down from a multi-year range.

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