Midaz_Investments

DXY (MIDAZ TRADING STRATEGIES)

TVC:DXY   Indeks Mata Wang Dolar A.S.
DXY
Continuation pattern spotted, dollar could well head to next support zone.
Any breach further could well be priced at the 98 range.
This week FED interest rate decision could be a sensitive one, Consensus are bias that the rate maintain at 0.25%
Pairs to note are CHF / EUR / JPY , where their low interest rates could provide cushion for the downside.
Lower oil prices is another factor that limited the dollar from going lower.
Our overall view is that dollar has limited downside risk, short term to reach support zone and recover to regain the 100 mark.
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