FX.co ★ Ichimoku cloud indicator analysis of USDX for April 19, 2018

The day was quiet in the Dollar index. No real movement. The price remains above critical trend line support and below the Ichimoku cloud. Traders better to be patient with the Dollar index and wait for a break out before deciding which direction to follow.

Green line - support

The Dollar index is below the 4-hour Ichimoku cloud. Support is at 89.30-89.35. Resistance by the cloud is at 89.75 first but most importantly at 90. Bulls need to break above resistance and eventually above 90.30 to regain control of the trend. Bears, on the other hand, want to see price break below this week's lows and eventually move back to 88.