Market Analysis of DXY on 27 Sep 23 Wednesday

2023-09-27 13:00Fonte:BtcDana

TECHNICAL ANALYSIS 

On the 4 Hr chart, the dollar strength is gradually increasing and the expected high the dollar can make right now is the supply zone of the daily timeframe there are two supply zones with the imbalance left on the charts one at 109.56 and the next is at the 111.818. Strengthening of the dollar index results in the fall of other currency pairs related to the USD. This week the price is still inside the supply zone but there is no fundamentally strong new which means there is less chances of dollar falling down. but in this week, tomorrow there is GDP of US which will set the pace of the market and also the direction. 

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