The weekly price chart below shows the U.S. Dollar Index rose slightly last week, in line with the long-term bullish trend, printing a bullish doji candlestick, which can be a sign of indecision. However, the lower wick was supported by 12293, so if the price can break last week’s high over the coming week, it will be a bullish sign Dollar bulls will be encouraged that the nearest support level, shown in blue at 12293 within the below price chart, has continued to hold, giving hope that the greenback will resume its advance more strongly.
It may be wise to take trades in favor of the US Dollar in the Forex market over the coming week.
It may be wise to take trades in favor of the US Dollar in the Forex market over the coming week.