DXY - Long Opportunity - 1D Technical Analysis
The price is retesting the support level at 105.630, which was broken on Thursday. I expect a pullback to retest the resistance level at 106.700.
The U.S. 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 (EUR, GBP, CAD, CHF, AUD, NZD, JPY, etc.).
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
The U.S. 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 (EUR, GBP, CAD, CHF, AUD, NZD, JPY, etc.).
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.
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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.
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.