A busy week schedule is expected with the US Dollar taking center stage as a reaffirmation for its rally is likely to continue with a few daily pullbacks. the US GDP again in focus with the NFP jobs data and the FOMC rate decision. By mid-week, we would see some market price action to start within the Asian trading and European markets as it makes its way through the US trading session. A much related analysis dated June 30 for DXY prior to breakout. US Dollar DXY - A major Correction & Key Price Recovery
Price swings are limited to the three (3) day trading activity as a norm in trading activity. As most participants wants to see market reaction right after market data are released.But as a matter of price comparison and signal indicator please refer to the CIPHER3 chart from the weekly US Dollar index indicated below. with the 79.85/90 basis point figure now serves as the secondary higher support for the US Dollar Index while the DXU14 @80.80 likewise would be the same. Click here
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