Weaker Dollar Outlook: Bullish Rebound from Key Fibonacci Levels

Sep 12

After the recent rate cut speculation has largely subsided, the outlook suggests a weaker dollar moving forward. High-probability bullish scenarios may emerge if the price rebounds from key support zones that coincide with the 0.382 or 0.618 Fibonacci retracement levels. Further confluence could be added if the price also interacts with the 50 or 100-day Simple Moving Average (SMA) at these critical levels.