GhostSquawk

Dollar index forming a bull wedge - #dxy $dxy #forex

Long
TVC:DXY   U.S. Dollar Index
After consolidating within the 97.85 to 99.40 range, the dollar index looks to be forming a technical bull wedge pattern up top. This fits with the current market environment as the FED is sounding more hawkish while the war risk rages on; both of which are extremely bullish for the dollar. We will be looking for a breakout of the 99.40 resistance as the dollar index has more stream to head towards 100 handle or possibly higher.

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