🚧💵Dollar Index Faces Support, Nears 2022 Lows: Cable FX Macro

• The dollar has dropped around 9.5% from its peak, a measure of the greenback, the Cable FX Macro Dollar Index is now testing support near last year lows

• The level also coincides with a 50% fib retracement level of the rally that started early 2022

• So far in January, the Australian dollar leads gains in the G10, followed by sterling and the kiwi. NOK is the only currency to post losses vs the dollar this month