HughGRection
Long

USD divergence hinting at a positive reaction to NFP's

INDEX:DXY   U.S. Dollar Index
171 3 0
- There are 2 current bullish divergences on the RSI .
- This could be easing of short positions into the event risk, or possibly an indication of a positive USD reaction to the NFP's.
- Obviously this will depend on the actual data, but even a release in line with expectations should produce a relief rally to the USD. It is currently heavily oversold against almost every major currency pair which are generally showing momentum ebbing away from price as well.

I didn't add it in the original chart, but 4H ATR(Avg. True Range) is matching it's most recent low from 9/16-17. Which of course, was the FOMC decision. This implies very high potential volatility across all USD pairs. I would look for a daily range post NFP of around 150-200 pips.
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