Cyber Monday saleUp to 70% OFF
U.S. Dollar Index

DXY Sideways Correction

By quantguy
As we predicted yesterday, the DXY continues to consolidate in a sideways correction between the relatively narrow range between 106.13 and 107.20. This follows a retracement from highs around 109. It is reasonable to expect the dollar to correct a bit after such a strong rally. If we break out, we could test 108.50 again. If we break down, we could test our levels in the 105's at 105.78 and 105.25.
Chart PatternsCurrenciesdollarDXYEURUSDForexTechnical IndicatorskovachquantguyTrend AnalysisUSDUSDJPY
quantguy
Join my discord at discord.io/quantguy
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.