Today's focus: USD Index
Pattern – Ascending Triangle
Support – 95.68
Resistance – 96.32
Today, we look at the USD index as price continues to trade rangebound after fighting back from a two-day decline. Could today’s CPI data break the deadlock and give the market some direction?
Traders will be watching to see what today’s data could do for rate rise expectations. Could a move above expectations lift price above resistance and get the current trend back on track? Or could a miss to the downside confirm an LH and break the trend, setting off fresh selling? If we see the data come in flat, this could maintain the current price range that we are seeing at the moment.
Keep an eye on today’s data when it’s released at 8:30 am EST, as it could produce some volatility if the figure comes out outside of market expectations.
Have a great day and good trading.
Pattern – Ascending Triangle
Support – 95.68
Resistance – 96.32
Today, we look at the USD index as price continues to trade rangebound after fighting back from a two-day decline. Could today’s CPI data break the deadlock and give the market some direction?
Traders will be watching to see what today’s data could do for rate rise expectations. Could a move above expectations lift price above resistance and get the current trend back on track? Or could a miss to the downside confirm an LH and break the trend, setting off fresh selling? If we see the data come in flat, this could maintain the current price range that we are seeing at the moment.
Keep an eye on today’s data when it’s released at 8:30 am EST, as it could produce some volatility if the figure comes out outside of market expectations.
Have a great day and good trading.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。