goldtradingexpert

USD Index Nearly Its Correctio Level, Let the marker correct

Long
TVC:DXY   U.S. Dollar Index
USD Index Nearly Its Correctio Level, Let the marker correct first, then we can carry buy the USD against all other major currencies except safe-haven assets again.

As an investor and trader, you should buy at a low price and close at a higher price if you can't win at buying and must not make a profit at selling.

From the present condition, 95/95.30 is identified as a rising channel trend-line resistance level. So, the Dollar index may go for a downward correction to 94/93.80 points. So, all the primary currencies may get strong against 70/100 pips against the USD.

So, before you sell any central pair like Eur/USD, GBP/USD, AUD/USD, and NZD/USD or sell USD/CAD and USD/CHF, I suggest you think first. Let the market complete the correction first, then enter. Otherwise, it will be costly.

USD index strong supports identified at 93.50./93.00 points. As long as the market is above 93.00 points, we can continue to buy the USD. Breaking below the 93.00 points, the USD index will change its trend, not before I think so. and the upside target is 96/97.00 in the upcoming days.

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