The just broke down harder than expected, and that’s instantly fueling the upside momentum in metals.
is holding above a major psychological level, while silver is going full “no brakes” mode after clearing key barriers. What’s next?
USD Index (DX.F): Bears Delivered the Move Fast
We’ll begin today’s Lab Note with a quote from Jan. 21:
“(…) another push lower could be right around the corner.
First downside target? At least a retest of yesterday’s low.
If bulls don’t step in there, the next bearish destination becomes the next major support zone based on the October 6, 2025 upside gap (97.41–97.64) + the 61.8% Fibonacci retracement. At this point, it is worth noting that this important support zone already stopped sellers twice in December, therefore, it’s one of those “watch it like a hawk” areas in the near term. (…)”
Looking at the daily chart,…
