The USD index has fallen almost 2.50 from 95.95 to key support level near 93.50 due to weak NFP results released earlier. This causes an market expectation of keeping interest rate steady in this coming June. So will this effect continue until end of June (next FOMC meeting)? My opinion is YES. However, we should not make a guess and lets first see what is the price action at this support level. If it stop falling, then we could enter a small long position there, if it is broken, we could look for selling at high.
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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.