Hedge_Of_The_World

The Dollar is on Fire, But for How Long?

Long
TVC:DXY   U.S. Dollar Index
The Dollar (DXY) is catching a light bid on Wednesday, and we're near the HOW, and testing the "neckline" support turned resistance in red around 91.35. A break above should see us test the 50DMA around 91.75, then the 200DMA around 91.95. This is the forth daily test of the neckline after we recaptured wedge support, so we should see a resolution one way or another this week.
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