USD should continue higher
On the weekly DXY you can see the USD has successfully confirmed support on the ascending trend line. After the FED announced continuation of rate rises and lifted by .75 we should expect USD strength and a continuation up towards the next logical resistance at 120.
We should expect risk-on assets to suffer as the USD strengthens.
Bitcoin is currently trading high in a constricted range so we should expect it to move to retest the lower end of the range.
We should expect risk-on assets to suffer as the USD strengthens.
Bitcoin is currently trading high in a constricted range so we should expect it to move to retest the lower end of the range.
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