USD, DXY Support Structure Ahead of CPI
While the US Dollar has technically set a fresh yearly low, sellers were unable to get much run below the Dec 2023 swing low of 100.62. That price has since stalled the sell-off with support holding the line for the past few weeks. Given the upcoming CPI report and the FOMC rate decision next week, this could change, of course, but at this stage there's also an opening door for bulls given technical structure combined with those drivers on the horizon.
For reference points, resistance levels exist at 102, 102.16 and 102.35. If bulls can drive through that, there will be a greater show of control and this is something that can further open the door for topside swing continuation. - js
For reference points, resistance levels exist at 102, 102.16 and 102.35. If bulls can drive through that, there will be a greater show of control and this is something that can further open the door for topside swing continuation. - js
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.