Did the federal reserve just set the tone for 2024?
- done with the rate hike regime
- wait for a bit more evidence on inflation
- switch rate cut policy
With a decision in March/May still looking the most likely for now, are we going to see more downside on the DXY
In the technical aspect
- Price reversed from resistance of 104.30
- Currently resting along support of 102.50 which coincides with the 61.8% fibonacci retracement level
- Next major support level at 99.75, with interim support at 101
- done with the rate hike regime
- wait for a bit more evidence on inflation
- switch rate cut policy
With a decision in March/May still looking the most likely for now, are we going to see more downside on the DXY
In the technical aspect
- Price reversed from resistance of 104.30
- Currently resting along support of 102.50 which coincides with the 61.8% fibonacci retracement level
- Next major support level at 99.75, with interim support at 101
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join my mailing list jindaotai.com/joinme
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.