Will Powell Spark a Dollar Bounce on Friday Amid Oversold Signal?
DXY - Daily Chart:
During times of economic or geopolitical distress, the dollar remains the preferred safe haven for global investors. Its recent decline in demand is largely due to a generally optimistic market outlook.
There is an expectation that the Federal Reserve may reduce interest rates by as much as 50 basis points in September.
Technically speaking, this is oversold.
Will Powell trigger a bounce this Friday?
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https://x.com/SmartReversals/status/1826618548829257755
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