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Supportandresistanceanalysis

USDX UPATEhi all My understanding is that the usdx has already been price in. The FOMC meets eight times a year and issues projections in march, june, september, and december. FED announces two rate hikes in June. 1st increases the rate in July to 5.50. Since the impact from oil barely began in September, I don't think the FOMC will raise interest rates this week to 5.75. Therefore, the FOMC will raise rates for the 2nd time in September, to 25 basis points, once the CPI data in September reveals just how severe the harm is. I expect the USDX strengthening at that time. **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
VANTAGE:USDXShort
by mytw0cents