NoahXBorg

USD Strength: DXY Forecast

TVC:DXY   U.S. Dollar Index
The greenback has made a very strong bullish push for the past month.

As we start the new month of October, I expect the USD to retrace towards either:

  • The the weekly trendline
  • Previous resistance
  • Support 93.000

...before continuing higher (Provided positive fundamentals for USD)

Things to watch out for this week (Fundamentals):

  • OPEC Meetings (Monday) (Today)
  • ADP Non-Farm Employment Change (Wednesday)
  • Average Hourly Earnings m/m (Friday)
  • Non-Farm Employment Change (Friday)
  • Unemployment Rate (Friday)

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