USD Strength: DXY Forecast

4 thg 10, 2021

The greenback has made a very strong bullish push for the past month.

As we start the new month of October, I expect the USD to retrace towards either:

• The the weekly trendline
  
• Previous resistance
  
• Support 93.000
  

...before continuing higher (Provided positive fundamentals for USD)

Things to watch out for this week (Fundamentals):

• OPEC Meetings (Monday) (Today)
  
• ADP Non-Farm Employment Change (Wednesday)
  
• Average Hourly Earnings m/m (Friday)
  
• Non-Farm Employment Change (Friday)
  
• Unemployment Rate (Friday)