DXY $ Index Weekly
Big week for DXY with the DXY SUPPORT GROUP ( FED ) making a rate Hike on 1st Feb
PA still has room to drop to 100 mark and is likely unless the Fed announce a 75 point raise.
BUT, if PA hits 100 - 98 , expect a hard bounce with a possible target in time of 118, maybe by Nov '23
DXY is gettign to be OverSold now but the real question maybe When is the Treasury going to stop countering things..
As mentioned in a TradingView report last week, 2nd half of 2023 is likely to be negative for many markets, which may lead to $ being a Lot stronger
PA still has room to drop to 100 mark and is likely unless the Fed announce a 75 point raise.
BUT, if PA hits 100 - 98 , expect a hard bounce with a possible target in time of 118, maybe by Nov '23
DXY is gettign to be OverSold now but the real question maybe When is the Treasury going to stop countering things..
As mentioned in a TradingView report last week, 2nd half of 2023 is likely to be negative for many markets, which may lead to $ being a Lot stronger
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