💵 DOLLAR_INDX, H4 💵 14 March 2024
The Dollar Index retreated from resistance levels as market participants absorbed
higher-than-expected Consumer Price Inflation (CPI) data, prompting profit-taking strategies ahead of upcoming US economic releases. Attention now turns to pivotal Producer Price Index (PPI) and retail sales figures for insights into the economy's trajectory and potential interest rate adjustments.
The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses.
Resistance level: 103.05, 103.70📉
Support level:102.55, 102.10📈
The Dollar Index retreated from resistance levels as market participants absorbed
higher-than-expected Consumer Price Inflation (CPI) data, prompting profit-taking strategies ahead of upcoming US economic releases. Attention now turns to pivotal Producer Price Index (PPI) and retail sales figures for insights into the economy's trajectory and potential interest rate adjustments.
The Dollar Index is trading lower following the prior retracement from the resistance level. Suggesting the index might extend its losses.
Resistance level: 103.05, 103.70📉
Support level:102.55, 102.10📈