Week ahead is big for the dollar, most importantly FED rate is to rise on Wednesday meeting. Powell rhetoric after the rate could set next trending move for the weeks ahead. On a daily chart
broke the support and 100 SMA
last week and bounced of the next support zone
at 93.80 area, retracing to the previous candle lows. 4 hour chart shows resistance at the current level. With week ahead price still looks bearish
on this chart. All depends on Powell rhetoric. NZD has also bank rate on Wednesday, highest volatility
News for the week on dollar:
Tuesday - Consumer confidence.
Wednesday - FED rates (forecast is to increase).
Thursday - Core Durable Goods.
Final GDP q/q.
Jerome Powell speech.
Have a great week!