DXY - 13Dec2021
On the weekly, price tested the highs at 96.63 and has been consolidating sideways around the 96.00 level for the past 3 weeks.
On the H4 time frame, prices are consolidating inside a triangle. It dropped after the release of US CPI data which came in higher than expected. The US inflation is at the highest y-o-y at 6.8%. If FOMC statement is hawkish coming Wed, we could expect DXY to continue its rally upside.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, price tested the highs at 96.63 and has been consolidating sideways around the 96.00 level for the past 3 weeks.
On the H4 time frame, prices are consolidating inside a triangle. It dropped after the release of US CPI data which came in higher than expected. The US inflation is at the highest y-o-y at 6.8%. If FOMC statement is hawkish coming Wed, we could expect DXY to continue its rally upside.
This is for personal record purposes only, not financial advise or solicitation of trade.