GhostSquawk

Dollar index looking for direction - #dxy #forex

TVC:DXY   U.S. Dollar Index
The dollar index has still been neutral ranging for weeks now as the market continues to look for direction bias. As of now, geopolitical news and rate hikes are driving risk flows in the forex market and traders are looking for confirmation of a direction. Watch for for resistance at 95.90, 96.10 and 96.30. While downside support can be found at 95.57, 94.45 or 95.12.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.