- USD index technically formed a bearish rejection candle off the key resistance highs and is working within a bearish channel at a key resistance zone.
- This suggesting we could see the index move lower towards the trendline support at $96.80.
- The market will want to start pricing in the potential 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 $96.80.
- The market will want to start pricing in the potential rate cut from the Fed which should encourage further USD weakness.
Regards, GoldfXcc Team
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