DXY Weekly Forecast | 29th May 2023

2023年5月29日

Fundamental Backdrop

• The CB Consumer Confidence, JOLTS Job Openings, Non-Farm Employment Change are expected to drop.
  
• The Unemployment Rate is also expected to increase.
  
• These news events will cause the DXY to weaken.
  

Technical Confluences

• Near-term resistance level at 104.800
  
• Near-term support level at 103.800
  
• Next support at 103.200
  

Idea
On the Daily chart, could see price retest the 103.800 support level. A break below that support could see price continue heading towards the next support level at 103.200.






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