USD Strength: DXY Forecast
The greenback has made a very strong bullish push for the past month.
As we start the new month of October, I expect the USD to retrace towards either:
...before continuing higher (Provided positive fundamentals for USD)
Things to watch out for this week (Fundamentals):
As we start the new month of October, I expect the USD to retrace towards either:
- The the weekly trendline
- Previous resistance
- Support 93.000
...before continuing higher (Provided positive fundamentals for USD)
Things to watch out for this week (Fundamentals):
- OPEC Meetings (Monday) (Today)
- ADP Non-Farm Employment Change (Wednesday)
- Average Hourly Earnings m/m (Friday)
- Non-Farm Employment Change (Friday)
- Unemployment Rate (Friday)
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.