DXY (Daily) price approaching bull channel high

TVC:DXY   U.S. Dollar Currency Index
DXY             (Daily): Since breaking higher on Oct 4 the dollar has been particularly strong. It is trading in a bull channel and approaching the top of that channel. Price has recently broke resistance at 97.57 and is currently using this resistance as support. The next resistance zone is at 98.5x (previous high, 127.2% ext and measured move). Due to the strong up move there is significant separation between current price and the 20/50 SMA .
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