US FED's New Policy Shift & Medium-term Dollar Strength
Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher. This has brought strength into the USD. Thus, USD with strength being signaled, I a...
Technical Commentary:
(1) Failed High
(2) VPA confirmation with weakness
(3) H&S Pattern
(4) Support tested and slightly breached
(5) Middle of bar resistance
Fundamental Commentary:
USD strength may come in with the FED beginning to normalize, reducing the size of the balance sheet, actions that will send yields higher and bring strength into the USD (and...