FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

#USDX Н4 Murrey Levels

The index quotes tested the support at the 0/8 level, and as a result, are now below the 3/8 level with the moving average already below the quotes. In this case, the moving average acts as support. This indicates the possibility of breaking through the 3/8 resistance and continuing north. However, the full perspective of the north will only be achieved if the index quotes overcome the 5/8 resistance and consolidate above it, providing an advantage for the continuation of the northern path. Also, let's remember that any resistance can lead to a rebound regardless of what is shown on the chart. Wishing everyone profitable trades.