Dollar had a good run last week, so its ok for Dollar to have a short break before it before it pump up again.

I am expecting further drop in dollar first, probly to 93.227 level, if any sign of reversal build up that will serve as +1 to further Dollar bull.

Fundamentally, datas are promising and Feds are positive on improved economy. Given rising inflation , fed dot plot are pointing towards more rounds of hike.
Comment: Multiple rejection signs are seen. I still dont see any price action pointing towards a breakout as for now.

As mentioned earlier. Am expecting this pair is due for retracement.
Comment: Price rebound off 94.2

It would be ideal for it to go down 93.8 or 93.2 for a good retracement % however if it is going to rebound from current price, DXY is likely to go sideway (range) before we see any further upside. (Probly on before next Thursday)
Comment: DXY need a strong reason for a good breakout and that reason will carry Dollar against major peers
Comment: DXY hugging on the upper band of the range, tonight's positive data will fuel to breaking the long tested resistance at 95.652

Upon breakout, price will likely climb to test strong resistance at 96.49 - 96.517


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