DXY Close To a Big Price Reversal

DXY Close To a Big Price Reversal

DXY is about to complete a big harmonic pattern on the daily chart.
This shows that we may have a weaker USD during the coming days.

The reason can be related to the FOMC and when the rate cut will happen.
It's unclear if the market sees the FED hawkish comments as positive or negative about the future of the USD.
During this week Powell's hawkish comments weighed a lot on the USD value.

The focus will be on May 1 during the FOMC meeting and the details they will share with the public.


You may find more details in the chart!
Thank you and Good Luck!

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