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

#USDX Н4

The index quotes have risen above the level of 100.35, and at the moment, they are above this level. The moving average, as expected in this situation, is below the quotes, acting as support for the bullish sentiment of the quotes. I believe that the index has the potential to continue its upward movement and at least test the resistance at the level of 101.25. It's hard to predict the exact consolidation before this point. One thing we know for sure is that if the quotes drop below this level, a possible bearish movement may occur. Then, it will depend on the moving average - if it crosses below, we will continue south; if not, we will head north again. Wishing everyone a great mood.