Hello dear friends, I think we have done the latest DXY (dollar index) analysis.
I don't have much to say about DXY. On Thursday, a very critical day for us, the US GDP figures will be announced. Apart from that, there is the Jackson Hole meeting.
If GDP is bad, DXY will turn down.
If GDP does well, DXY could see a small increase.
US growth data has a significant impact on the Fed's stance.
For AUD/USD, I recommend keeping a close eye on the central banks' inflation and GDP figures.
If we examine the Aud/Usd chart on a weekly basis;
Last week, we watched an oversold week. This situation was caused by the appreciation of the dollar on a global scale. Even if there are upward increases after the previous weekly candle close, the direction of the price is down. It's already down in the trend direction. The price levels of 0.70300-0.67700 are important. My expectation is, We can see a movement first up and then down.
I don't have much to say about DXY. On Thursday, a very critical day for us, the US GDP figures will be announced. Apart from that, there is the Jackson Hole meeting.
If GDP is bad, DXY will turn down.
If GDP does well, DXY could see a small increase.
US growth data has a significant impact on the Fed's stance.
For AUD/USD, I recommend keeping a close eye on the central banks' inflation and GDP figures.
If we examine the Aud/Usd chart on a weekly basis;
Last week, we watched an oversold week. This situation was caused by the appreciation of the dollar on a global scale. Even if there are upward increases after the previous weekly candle close, the direction of the price is down. It's already down in the trend direction. The price levels of 0.70300-0.67700 are important. My expectation is, We can see a movement first up and then down.