US DOLLAR INDEX BEARIS OUTLOOK

2022년 8월 11일

Inflation is USA still remains high, but it have eased a bit, showing the CPI published yesterday. The investors are currently more worried regarding the interest rate increase that Fed is planning to implement in order to continue slowing the inflation.

USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the instrument, which is supported by both MACD histogram, which is steadily under the zero line, and the RSI index.

If the pattern does not realize the instrument might return to its open from yesterday at 106, but if it gets realized, it might reach levels of 103.3

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