Most Read: Gold, Silver Price Forecast – XAU/USD & XAG/USD May Get Boost from Macro Trends
The U.S. dollar, as measured by the DXY index, was a tad firmer on Wednesday, extending its rebound for the third day in a row after last week’s overextended selloff in the wake of the FOMC decision and softer-than- expected data. Gains on the session were likely driven by the sour mood on Wall Street, with U.S. equity indices losing ground and ending a multi-day winning streak.
In this article, we’ll focus on EUR/USD, USD/MXN and USD/CAD from a technical perspective, taking into account price action dynamics and market sentiment.
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