Based on employment data, the market's repricing of interest rates, and the lack of expectations for further rate hikes, the dollar is expected to experience weakness this week leading up to the release of this month's inflation data, which could potentially turn the tide in favor of the dollar.
Through my analysis, I observe that the dollar will likely decline to the 99.800 level, which serves as a strong support zone. If this level is broken, the dollar will witness further downside.
Through my analysis, I observe that the dollar will likely decline to the 99.800 level, which serves as a strong support zone. If this level is broken, the dollar will witness further downside.
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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.