DOLLAR TO CONTINUE TO TRADE HIGHER IN DAYS AHEAD
The US Dollar index ( DXY ) reversed last week after hitting confluent support by way of a trend-line and the 200-day MA. The underside trend-line remains a line of significant interest as it holds together the bottom of a developing ascending .
The may take a couple of months or longer to fully mature, but for now there appears to be a solid gradually rising floor in the Dollar. The reversal candle from last week suggests there will at least be an attempt to trade higher in the days ahead.