US Dollar Forecast: AUD/USD, Gold, EUR/USD Under Pressure
Could the US dollar rally accelerate? Matt Simpson examines the outlook for DXY, AUD/USD, EUR/USD and gold, plus key technical levels across forex markets.
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The US Dollar Index (DXY) continues to strengthen as robust US economic data fuels expectations of a more hawkish Federal Reserve. Bullish futures positioning adds weight to the dollar's outlook, although nearby technical resistance could test the rally's momentum.
In this week's forex market outlook, I examine whether the US dollar rally could accelerate and what it means for AUD/USD, EUR/USD and gold. I also revisit USD/CHF, USD/JPY and USD/CAD, highlighting important technical levels, potential turning points and opportunities to watch in the weeks ahead.
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