Kai-FX

USDOLLAR strength to be regained in the coming weeks ?

Long
INDEX:DXY   US DOLLAR CURRENCY INDEX
6
Last weeks candle closed as a hammer top above support around 100.00 which shows signs of a potential continuation of the bullish trend. This is further reinforced by a breakout and retest of the previous consolidation zone.

As you will see in my previous posts, i am currently short on EURUSD and AUDUSD. As we are looking at a potential bullish run on the Dollar index, this adds confluence to my shorts as this index can be used as an indicator for the US Dollars strength/weakness.
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