Title: Dollar Index Outlook: Prolonged High Fed Rates Expected to Boost Dollar
Post by: forex4you on Dec 18, 2024, 05:00 am
Post by: forex4you on Dec 18, 2024, 05:00 am
Dollar Index Outlook: Prolonged High Fed Rates Expected to Boost Dollar
Source: Dollar Index Outlook: Prolonged High Fed Rates Expected to Boost Dollar (https://www.actionforex.com/contributors/technical-analysis/579899-dollar-index-outlook-prolonged-high-fed-rates-expected-to-boost-dollar/)
The dollar index firmed in early Tuesday trading and pressuring the peaks of recovery leg from 105.37 (Dec 6 low). Although last Fri/Mon action was shaped in Doji candles and signaled indecision, this was likely a consolidation before recovery resumes. Fresh bulls probe through cracked Fibo barrier at 106.71 (50% retracement of 108.04/105.37 pullback) with […]
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Source: Dollar Index Outlook: Prolonged High Fed Rates Expected to Boost Dollar (https://www.actionforex.com/contributors/technical-analysis/579899-dollar-index-outlook-prolonged-high-fed-rates-expected-to-boost-dollar/)