littleriver

The Dollar's Descend Tested

ICEUSA:DX1!   None
1
Much news lately about the dollar going higher and it's impact on global markets. So, next weeks fed meeting will be one to watch. The dollar has been making lower and lower highs, then testing these lower highs. We are at one of these test points now . A breakout here could really shake up the markets. While a failed breakout, may be seen as more of the same. What will the fed do? With so much at stake, my thoughts are we take the path of least resistance and keep the coarse for now. But, I will be watching next week to see what the chart has to say. It always has the last word.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.