Get started
GhostSquawk

Dollar index holding sideways trading range - #dxy $dxy #forex

U.S. Dollar Index (TVC:DXY)  
GhostSquawk  
TVC:DXY   U.S. Dollar Index
Trend Analysis Chart Patterns Technical Indicators
0
0
trendanalysis chartpattern indicator
After a strong NFP report, the dollar index has been catching bids off of the support low at 97.65. We held that broad sideway trading range and seem to be respecting all the fib levels as we move back towards the highs. Currently the key area to watch out for lies at 99.40. However, before we get there, there are minor resistance that also lies at at the 99 handle. If both of these level break we could continue to see a major run in the dollar index back towards covid-10 pandemic level highs.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.