Shadowing_The_Big_Boys

USD getting no where on Daily -Slight up bias

TVC:DXY   U.S. Dollar Index
Been almost 1 month and USD has yet to show any clear direction.

This year is the start of the tapering and hike in interest rate from FOMC since its announcement in June 2021

TA wise USD is ranging to break out either way in my opinion.
For one, USD could have "priced in" the rally in USD since Jun 2021 due to the annoucement, and start turning downwards more

OR it could go up further. TA still supports this idea as 50 ema and the trendline are still intact on daily chart.

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