Austin_Palmer

DXY Strong or Weak?

Long
TVC:DXY   U.S. Dollar Index
Hi Guys,

What can we expect from the dollar this coming week? A weak dollar or a strong dollar?

Well considering the fact that price closed above a key resistance zone and broke previous lower highs and the consolidation box it was trapped in, I am anticipating a strong dollar for the month of October as well as the last week of September.

Another scenario might be for price to come back below 94.58 and retest 93.60. Whichever scenario the market presents trade with it.

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