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

#USDX H4

At the moment the index quotes have practically reached the resistance at 101.02, and the moving average, which now serves as support for the north, is located below the quotes. This could well be a breakout of the resistance, and if, after moving above it, the price manages to consolidate above the level, then in that case the index will be able to continue north towards the resistance at 101.37, and then we’ll see. But a bounce from the resistance and a move below the moving average is clearly a continuation to the south, with support at 100.57 as the target, or they might even drag it lower towards 100.00. Wishing everyone goodness, health, and profits.