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May 14, 2019 7:35 AM

USD index Approaching Resistance, Prepare For A Reversal 

USDJPY/111.61+USDEUR/0.9+USDGBP/0.77+USDAUD/1.42+USDNZD/1.5+USDCHF/1.02+USDCAD/1.33FXCM

Description


USD index is approaching its resistance at 7.016(61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to reverse down to its support at 6.973(61.8% Fibonacci extension *2, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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