DXY, Bullish
Dollar continues to move stronger this week and interest rates are still possible to hike.
From the research, Federal Open Market Committee (FOMC) meeting showed nearly all policymakers favored a slowing in the pace of interest rate hikes, but they also indicated curbing unacceptably high inflation would be the "key factor" in how much further rates need to rise.
From the price movement in w1, we can see the price is forming strong at the support area. So, I'm looking for the price to move to my next resistance level: 108.
From the research, Federal Open Market Committee (FOMC) meeting showed nearly all policymakers favored a slowing in the pace of interest rate hikes, but they also indicated curbing unacceptably high inflation would be the "key factor" in how much further rates need to rise.
From the price movement in w1, we can see the price is forming strong at the support area. So, I'm looking for the price to move to my next resistance level: 108.
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