DXY Short Opportunity - 1D Technical Analysis
DXY (U.S. Dollar Index) - Short Opportunity - 1D Technical Analysis
Last week, DXY made an important bearish breakout as the price slipped below the previous support level at 107.425. If this level holds as resistance level, we may see a continuation of the bearish trend, with the price potentially declining further.
I expect the price to drop to the support level at 105.785 and potentially lower.
Dollar Index (DXY/USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading pairs (AUD, NZD, EUR,...)
Last week, DXY made an important bearish breakout as the price slipped below the previous support level at 107.425. If this level holds as resistance level, we may see a continuation of the bearish trend, with the price potentially declining further.
I expect the price to drop to the support level at 105.785 and potentially lower.
Dollar Index (DXY/USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading pairs (AUD, NZD, EUR,...)
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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.