USD Strength: DXY Forecast
U.S. Dollar Currency IndexTVC
Description
⋅ 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)