InvestingScope

Dollar Index: Sideways opportunity on 4H.

TVC:DXY   U.S. Dollar Currency Index
DXY has successfully tested the 92.50 Support today twice. If it holds then on the 4H chart ( RSI = 39.680, MACD = -0.240, ADX = 46.240) then that is a solid sideways opportunity within the Support and the 94.00 Resistance (which has also been tested twice (red arrows). As you see the MACD pattern is quite similar with that of the June consolidation.




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