US Dollar Technical Outlook: USD Clings to Support Ahead of CPI, Fed
The U.S. Dollar is holding a critical technical floor, with CPI and next week’s Fed decision poised to drive the next major move.
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Euro Technical Outlook: EUR/USD Multi-Timeframe Analysis
U.S. dollar index support has held for four straight weeks, with consumer price index data and the Federal Reserve meeting set to resolve it. Michael Boutros, StoneX Media Senior Market Analyst, walks through the U.S. dollar across the weekly, daily and four hour charts. The monthly opening range is still taking shape above lateral support, and the dollar index has been straddling its 52-week moving average for several weeks. Consumer price index data lands first, feeding straight into how markets price the Federal Reserve decision that follows. The multi-week downslope remains intact while that support zone holds on a closing basis.
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Active Short-term Technical Charts
- US Dollar Short-term Outlook: USD Selloff Accelerates Toward August Lows Ahead of NFP
- Swiss Franc Short-term Outlook: USD/CHF Breakout Puts Yearly Highs Back in Play
- Euro Short-term Outlook: EUR/USD Pullback Nears Pivotal Uptrend Support
- Canadian Dollar Short-term Outlook: USD/CAD Recovery Reaches Downtrend Resistance
- Australian Dollar Short-term Outlook: AUD/USD Breakout Extends to 10-Week Highs
- British Pound Short-term Outlook: GBP/USD Bulls Confront Resistance at Three-Month Highs
--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex
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