- US $ was ralling to previous Intraday highs due to previous sentiment from last FOMC that Feds will start having talks about talking tapering and Interest Rate Hikes in 2023 + last week in the first half we saw Delta Variant cause fears within the Global Equities as we had a sell off from the highs, short term spike on VIX (indicating sell offs / fear mode) which also gave strength to DXY as it is a safe haven currency
- We can see that DXY has had a bearish week overall failing to break intraday highs along with a fundamental catalyst from FOMC to repeat Bearish MS
- Can expect for DXY to hit previous lows at 90.148 - 89.295
- Economic recovery is not where it needs to be for the Feds to start Interest Rate Cuts and Tapering of Stimulus
- We can see that DXY has had a bearish week overall failing to break intraday highs along with a fundamental catalyst from FOMC to repeat Bearish MS
- Can expect for DXY to hit previous lows at 90.148 - 89.295
- Economic recovery is not where it needs to be for the Feds to start Interest Rate Cuts and Tapering of Stimulus
