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US Dollar Forecast

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by , 08-28-2022 at 10:00 PM (263 Views)
      
   
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The US Dollar is regaining upside moment against the backdrop of Fed hawkishness, quantitative tightening and market volatility. Another tight non-farm payroll report may offer the same.
The daily price of Dollar Index (DXY) is located above Ichimoku cloud in the bullish area of the chart: the price is trying to break the bullish triangle pattern with resistance level at 109.21 to above for the bullish trend to be continuing; alternatively, the price will be on secondary ranging within the primary bullish market condition.

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