ForexAnalytix

USD upside targets

Long
TVC:DXY   U.S. Dollar Index
Following the FOMC this week the US Dollar is poised for higher levels while the index trades above the 96.92 level. The next resistance is the 127% extension of the November 2021-January 2022 range at 97.52. beyond that the previous highs from June 2020 come into view at 97.85. We must note at this point, if the DXY hits a high soon and turns lower, the RSI may be divergent and suggest a broader a longer term pullback.

Community - www.forexanalytix.com/sign_in
Prop trade with Forex Analytix - bit.ly/3t0NdRB
Forex Analytix Community Experience - www.forexanalytix.com/webinars/face/sign_up
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.