FX.co ★ USD Index at IPDA 60-Day Range. Analysis for April 14, 2020

From the 4-hour chart of the USD Index, we see clearly that #USDX is now in a Premium Array Area from the Interbank Price Delivery Algorithm (IPDA) that is a 60-day trading range. It means that #USDX is poised to go down. Now the index #USDX is trying to reach the Discount Array with the first target at 98.87-98-88 levels as long as the price does not rebound above 99.63.

The overall trend for #USDX is bearish

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