The FOMC rate decision next week will likely have some pull on the matter but for now, the US Dollar is working on its second consecutive green week for the first time since the high in January. Resistance has so far held at last year's swing low of 100.22 but bulls put in some push over the past week and it seems unlikely that the Fed will suddenly go dovish given the overhang of tariff uncertainty.
Notably, the oversold RSI reading on the weekly has started to rectify with the indicator crossing up and over the 30-level. - js
Notably, the oversold RSI reading on the weekly has started to rectify with the indicator crossing up and over the 30-level. - js
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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.