DXY Consolidates SidewaysTVC:DXY continues to consolidate and be held between a Resistance and Support Between:
Resistance @ 98.2 - 98.3
Support @ 97.75 - 97.6
If TVC:DXY breaks the Local Resistance, this will see the USD gain strength temporarily til the Next Resistance Level @ 98.5 - 98.95
If TVC:DXY breaks the Local Support, this will see the USD lose strength temporarily til the Next Support Level @ 97.3 - 97.1
Fundamentally, Tariffs will continue to effect the underlying inflation issue USD deals with along with expectations gaining of not only 1 but a few Interest Cuts could come from the Federal Reserve before the end of the year! This could severely weaken USD!
