• 💵📈 The Dollar Index holds steady above the 100 level after the Federal Reserve raised interest rates to 3.75–4.00%, and technical analysis points to further gains.
📐⚖️🎯 The index is trading above both its 9-day and 50-day moving averages, but the Relative Strength Index (RSI) at 63.58 is approaching the overbought zone, meaning the uptrend remains intact, though its pace may slow. The likelihood of a rate hike in October is expected to be 49.8%, shaping the outlook.
📊 News impact: Positive for the dollar
📐⚖️🎯 The index is trading above both its 9-day and 50-day moving averages, but the Relative Strength Index (RSI) at 63.58 is approaching the overbought zone, meaning the uptrend remains intact, though its pace may slow. The likelihood of a rate hike in October is expected to be 49.8%, shaping the outlook.
📊 News impact: Positive for the dollar
