Head and shoulders on the USD Index - what's next?
The macro situation is pointing more towards additional USD bullishness with the upcoming FED rate hike but the USD has been rallying for the past few weeks so a correction could also be likely.
Right now, the USD Index is in a head and shoulders and as long as price doesn't break the neckline, it's a neutral chart.
This will set the tone for the other USD Forex pairs but keep in mind that there is NFP day coming up tomorrow.
Right now, the USD Index is in a head and shoulders and as long as price doesn't break the neckline, it's a neutral chart.
This will set the tone for the other USD Forex pairs but keep in mind that there is NFP day coming up tomorrow.
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> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog