- USD Index technically formed a bearish rejection candle on H4 TF. off the key resistance highs and is working within a bearish rejcetions at a key resistance zone on weekly timeframe.
- This suggesting we could see the index move lower towards the trendline support at $101.60 and 100.50.
- The market will want to start pricing down in the rate cut from the Fed which should encourage further USD weakness.
Regards, GoldfXcc Team
- This suggesting we could see the index move lower towards the trendline support at $101.60 and 100.50.
- The market will want to start pricing down in the rate cut from the Fed which should encourage further USD weakness.
Regards, GoldfXcc Team
Trade closed: target reached:
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