Dollar had a good run last week, so its ok for Dollar to have a short break before it before it pump up again.
I am expecting further drop in dollar first, probly to 93.227 level, if any sign of reversal build up that will serve as +1 to further Dollar bull.
Fundamentally, datas are promising and Feds are positive on improved economy. Given rising inflation, fed dot plot are pointing towards more rounds of hike.
I am expecting further drop in dollar first, probly to 93.227 level, if any sign of reversal build up that will serve as +1 to further Dollar bull.
Fundamentally, datas are promising and Feds are positive on improved economy. Given rising inflation, fed dot plot are pointing towards more rounds of hike.
הערה:
Price rebound off 94.2
It would be ideal for it to go down 93.8 or 93.2 for a good retracement % however if it is going to rebound from current price, DXY is likely to go sideway (range) before we see any further upside. (Probly on before next Thursday)
It would be ideal for it to go down 93.8 or 93.2 for a good retracement % however if it is going to rebound from current price, DXY is likely to go sideway (range) before we see any further upside. (Probly on before next Thursday)
הערה:
DXY need a strong reason for a good breakout and that reason will carry Dollar against major peers
הערה:
DXY hugging on the upper band of the range, tonight's positive data will fuel to breaking the long tested resistance at 95.652
Upon breakout, price will likely climb to test strong resistance at 96.49 - 96.517
Upon breakout, price will likely climb to test strong resistance at 96.49 - 96.517
As mentioned earlier. Am expecting this pair is due for retracement.