US Dollar Index Macro View 10/11

10 thg 11, 2018

The US Dollar Index for last week has break down below 12200 levels and came back up again during the season of US Midterm Elections and Federal Reserve’s monetary policy announcement. To no one’s surprise, further gradual increases of interest rates is to be seen in December. The long-term still remains as unchanged constructive for bull, till price stay below 12150 levels going forward. Looking into medium-term still remains unchanged, where the US Dollar Index could continue its way towards 12330 levels progresses. The short-term are suggesting constructive for bull when prices break above 12260 to be seen for upcoming week. Overall, the medium-term bull structure prevails until prices stays below 12100 levels.

As Sunday is a US Veteran Day, Monday will be a US Banks Holiday (Observance of Veterans Day). Wishing all US citizen, a happy holiday.

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