The post Boosted by risk-off trades – OCBC appeared on BitcoinEthereumNews.com.

US Dollar (USD) received another jolt higher overnight, this time due to sudden turn in risk sentiments. DXY last at 100.10 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note. Daily momentum is bullish “Equities in Asia were down, with KOSPI leading losses while precious metals hold losses and bitcoin briefly slipped below $100k mark at one point overnight. Chatters of valuation concerns, profit-taking were amongst some of the reasons cited for the risk-off trades. “To add, absence of US data due to government shutdown as well as a less committal and divisive Fed were already providing the excuse for USD short squeeze to play out. Given dovish pricing for 2026, any pare back in expectations may add to further USD upticks in the interim.” “Daily momentum is bullish, but RSI shows signs of turning from near overbought conditions. We are observing if there are signs of moderation in the pace of rise. Resistance at 100.50/60 levels (200 DMA, 76.4% fibo). Support at 99.80 (61.8% fibo), 99.10 levels (50% fibo retracement of May high to Sep low), 98.40 (38.2% fibo).” Source: https://www.fxstreet.com/news/dxy-boosted-by-risk-off-trades-ocbc-202511050852

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Filed under: News - @ November 5, 2025 9:28 am