The USD strength continues despite the likelihood that the Federal Reserve will cut rates by 25bps this week.
The key for any break or bounce here will be left in the hands of the fomc press conference. If the FED is aggressive with
the way they want to cut rates then we should see USD weakness. If they feel there is no need to cut rates so aggressively then
a breakout higher is likely. Despite the current strength, the technicals are suggesting a potential reversal could form here.
The key for any break or bounce here will be left in the hands of the fomc press conference. If the FED is aggressive with
the way they want to cut rates then we should see USD weakness. If they feel there is no need to cut rates so aggressively then
a breakout higher is likely. Despite the current strength, the technicals are suggesting a potential reversal could form here.