DXY Post FOMC Potential Forecast | 24th March 2023

2023年3月23日

Fundamental Backdrop
1. Plenty of instability in the market due to the SVB crisis and other banks being heavily affected by it.
2. The Fed hiked rates by 25 bps
3. The Fed also cautioned about the recent banking crisis and indicated that hikes are nearing an end.
4. The Fed's move may indicate that the economy could be stronger and that the currency could weaken soon.

Technical Confluences
1. Price is currently in a bearish trend.
2. Well below the Ichimoku cloud, signifying bearish intent.
3. Next support at 101.800

Idea
Looking for the price to head towards the support at 101.800







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