The US dollar (USD) quoted content during the night in the absence of a new catalyst. The DXY was for the last time at levels of 108, the FX analysts of OCBC Frances Cheung and Christopher Wong point out.
The underlying IPC deceleration can weigh on the USD
“In the semiannual testimony before the Senate Banking Panel during the night, the president of the FED, Powell, said that the Fed was not in a hurry to cut, which had already been discounted by the markets, therefore, the impact on The FX has been quite moderate. of gold under control for now. ”
“The indicators of daily moment and RSI do not show a clear bias. Side trade probable for now. Support at levels of 107.80/90 (DMA of 50, fibonacci setback of 23.6% of the minimum of October to the maximum of January), levels of 107. Resistance at 108.40 (DMA of 21), levels of 110.00/20 (previous maximum). ”
“As for the data, the US CPI of the USD are superficial. to reciprocal tariffs. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
