fortunamarkets

DXY Analysis before NFP(4/5/2024)

ICEUS_DLY:DXY   U.S. Dollar Currency Index
In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations.
Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up.

Our technical view has been shown in the chart.

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Team Fortuna
-RC

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