The U.S. Dollar Index (USDX) is a relative measure of the U.S. dollars (USD) strength against a basket of six currencies,
including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc.
The index was created in 1973, but remains useful to this day.
The DXY pair is trading with bearish tone and is expected to head lower towards 103.25 and 102.70
102.70 is a gap support zone
104.30-104.20 could act as resistance
including the Euro, Pound, Yen, Canadian Dollar, Swedish Korner, and Swiss Franc.
The index was created in 1973, but remains useful to this day.
The DXY pair is trading with bearish tone and is expected to head lower towards 103.25 and 102.70
102.70 is a gap support zone
104.30-104.20 could act as resistance