The DXY is up +0.60% to start the week & has been on a tear since it tested the support channel on Aug 11 @ $104.625.
Things to note:
- LT support line is @ $106 - $107
- price action is ABOVE the 9/21/50/100/200/300 SMAs which is BULLISH
- LT overhead resistance is @ $111 - $112
We have a FED FOMC meeting & rate raise coming up on Sept 21. Maybe we test the $111 - $112 around surrounding the rate raise.
Things to note:
- LT support line is @ $106 - $107
- price action is ABOVE the 9/21/50/100/200/300 SMAs which is BULLISH
- LT overhead resistance is @ $111 - $112
We have a FED FOMC meeting & rate raise coming up on Sept 21. Maybe we test the $111 - $112 around surrounding the rate raise.