Wave 5 coming for the DXY?
All eyes are on the fed's meeting next week. If they mention anything about increasing interest rates at a faster pace or with higher frequency, the market will get more jittery. My guess is this hawkish bear stance is almost coming to an end and the risk on will pamp once the interest rates hikes actually kick in. For now I'm bullish on the dollar, it should see some resistance at around the 96.1 level, find some consolidation and it's off for the wave 5.
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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.