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The US dollar is trending higher today, breaking away from the $90.00 level and looking likely to test a bit higher. Whether the markets can keep this momentum going based on a possible rate hike or two in 2023 or whether the US dollar global demand is increasing such that US dollar has found a base, will be decided in the next few trading session I am sure. Generally, the algo moves from an FOMC get reversed. The real trend occurs after the hot money has been stopped out.
For more trading details, please check the hyperlinks with time stamp indicated from the video:
