Hello Traders!

This technical setup is backed by potential more dollar strength as FED turned hawkish, inflation is not seem transitory and rates should be raised.

This means a risk-off or others call it risk aversion environment which means safer currencies are more appreciated than the higher yielding commodity based ones.

Have a great day!

Vitez
dollarstrengthFundamental AnalysisriskaversionriskoffTrend AnalysisWave Analysis

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