Home News U.S. Dollar May Be Set For Surprise Countertrend Rally

U.S. Dollar May Be Set For Surprise Countertrend Rally

May 5, 2025

With sentiment extremely negative as well as a large volume of end of the word articles, it appears that the US dollar may be set for a surprise countertrend rally.

US Dollar Set For Possible Countertrend Rally

May 3 (King World News) – Naveen Nair at Citi: DXY’s weekly momentum has crossed over in deeply oversold territory. This has historically been an indicator of a >3% rally in the dollar in the last 10 years, and is supported by other technical developments as well as broader macro sentiment.

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