US Dollar technical Forecast: USD Poised for Breakout Ahead of High-Stakes Fed Decision
USD Dollar rally drops into confluent support - December opening-range taking shape ahead of major policy catalyst.
USD is Coiling with a narrowing structure, and a breakout from this zone will be critical in determining the next directional leg.
Fed decision an top tomorrom- focus on updated SEP as trader's asses monetary policy outlook.
DXY Resistance 100.16/42 (key), 101.20/55, 103 - Support 98.99-99.08, 97.65/80(key) 96.94
USD Dollar rally drops into confluent support - December opening-range taking shape ahead of major policy catalyst.
USD is Coiling with a narrowing structure, and a breakout from this zone will be critical in determining the next directional leg.
Fed decision an top tomorrom- focus on updated SEP as trader's asses monetary policy outlook.
DXY Resistance 100.16/42 (key), 101.20/55, 103 - Support 98.99-99.08, 97.65/80(key) 96.94
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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.