DXY BULLISH or BEARISH
The DXY recently made newer highs after 9 months and this can be said to happen due to the rising Delta Variant cases around the globe. The US currency index is at a very major Point right now. The Fed's meeting tommorow can determine whether the USD goes long or short.If Fed announces tapering sooner than later we can see pairs like USDCAD rallying and pairs like GBPUSD,EURUSD,AUDUSD,NZDUSD dropping to form new lows of the year.Watch out for the Fed News and see the chart for any break and retest setups.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.