Did the federal reserve just set the tone for 2024?
- done with the rate hike regime
- wait for a bit more evidence on inflation
- switch rate cut policy
With a decision in March/May still looking the most likely for now, are we going to see more downside on the DXY
In the technical aspect
- Price reversed from resistance of 104.30
- Currently resting along support of 102.50 which coincides with the 61.8% fibonacci retracement level
- Next major support level at 99.75, with interim support at 101
- done with the rate hike regime
- wait for a bit more evidence on inflation
- switch rate cut policy
With a decision in March/May still looking the most likely for now, are we going to see more downside on the DXY
In the technical aspect
- Price reversed from resistance of 104.30
- Currently resting along support of 102.50 which coincides with the 61.8% fibonacci retracement level
- Next major support level at 99.75, with interim support at 101