Upcoming US Data and US Dollar Situation

US Dollar Index remains in positive territory but remains below 110.00. OCBC Bank strategists highlight key technical levels to watch. $ could still rally at the September lows. Meanwhile, the debate between 75 bps and 100 bps gains should maintain the supply bias for USD in general. „Resistance at 110.30 ahead of 110.78 (previous high). Support at 109.10 (21 DMA), 108. 5 (38.2% Fibo retracement from August low to low). September high) and 107.70 (50 DMA, 50% Fibo)

Michael Cooper

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