{"id":4889,"date":"2023-09-26T11:30:02","date_gmt":"2023-09-26T03:30:02","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=4889"},"modified":"2023-09-26T11:30:02","modified_gmt":"2023-09-26T03:30:02","slug":"9-26-fx-daily-usdx","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/9-26-fx-daily-usdx\/","title":{"rendered":"Focus on USDX\u00a0Today – 26th Sep 2023"},"content":{"rendered":"
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Comprehensive USDX Analysis for September 26, 2023<\/strong><\/h1>\n\n\n\n

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDX for 26th September 2023<\/p>\n\n\n\n

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Key Takeaways<\/strong><\/h2>\n\n\n\n

The Federal Reserve’s stance has emerged as the linchpin shaping the USDX’s performance. <\/a><\/p>\n\n\n\n

While September saw a halt in interest rate hikes, the dot plot projections signal a potential resurgence in rate increases later in the year. <\/p>\n\n\n\n

This is underpinned by a forthcoming, more hawkish monetary policy in the next year, with a notable reduction in the number of projected interest rate cuts.<\/p>\n\n\n\n

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USDX Technical Analysis<\/strong><\/h2>\n\n\n\n
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USDX Daily Chart Insights<\/em><\/strong><\/h3>\n\n\n
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\"USDX<\/figure>\n<\/div>\n\n\n

( Daily chart of USDX, source: Ultima Markets MT4) <\/em><\/p>\n\n\n\n

Turning our focus to the technical landscape, the USDX exhibits compelling upward momentum.<\/p>\n\n\n\n

The daily chart reveals a breakthrough as the US Dollar Index’s price closes above its consolidation range’s upper boundary. <\/p>\n\n\n\n

Moreover, the stochastic oscillator, a pivotal technical indicator, has signaled a bullish trajectory.<\/p>\n\n\n\n

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USDX 1-Hour Chart Analysis<\/em><\/strong><\/h3>\n\n\n
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(1-hour chart of USDX, source: Ultima Markets MT4) <\/em><\/p>\n\n\n\n

The one-hour chart presents a more granular picture, with the ATR combination indicator affirming the effectiveness of the recent breakthrough. <\/p>\n\n\n\n

Although retracement is conceivable during the Asian trading session, a market rebound is anticipated. The initial target is fixed at the support price of 105.443.<\/p>\n\n\n\n

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Ultima Markets Pivot Indicator<\/em><\/strong><\/h3>\n\n\n
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\"Ultima<\/figure>\n<\/div>\n\n\n

(1-hour chart of USDX, source: Ultima Markets MT4) <\/em><\/p>\n\n\n\n

Ultima Market’s MT4 pivot indicator<\/a> designates the day’s central price at 105.527. For investors and traders, here are the essential projections:<\/p>\n\n\n\n

Bullish Scenario:<\/strong><\/p>\n\n\n\n