After the first breakout on the center, a consolidation range is formed between $20782.41-$20831.62. Taking hold of the center for 24 hours will the range widens to $23780.49.
Breakout the long-term support channel requires a test. Standing the test on the intraday support will it keep challenging resistances; the short-term movement is bullish, while the mid-to-long-term formation is not reversed.
The market expected interest rate hike in November: 75bp(87.3%),50bp(12.7%)
Interest rate hikes are expected to slow down from December.
Breakout the long-term support channel requires a test. Standing the test on the intraday support will it keep challenging resistances; the short-term movement is bullish, while the mid-to-long-term formation is not reversed.
The market expected interest rate hike in November: 75bp(87.3%),50bp(12.7%)
Interest rate hikes are expected to slow down from December.