Over the coming week, any move and sustenance above the current levels are likely to lead to a breakout. The levels of 18000 and 18195 are likely to act as potential resistance points. The supports come in at 17700 and 17580 levels. The coming week is likely to see a trading range that may remain wider than usual. The weekly RSI is 60.58; it has made a 14-period high which is bullish.
Dollar jumps as Fed holds rates but projects one hike later this year
The dollar strengthened as the Federal Reserve held interest rates steady but signaled a potential hike later this year, with policymakers raising inflation projections. New