WCUUSD is a chart that is based on the dollar and can be a good indicator for us together with the dollar index and the next trend of the US currency. Since February 2023, WTUUSD has been in a bullish channel with pullbacks up to 61.8% Fibonacci levels. After that, we see a new bullish consolidation and extension to the -0.272% Fibonacci level, and in that zone in the previous two cases, we encounter resistance. The previous time was on Thursday; since then, WCUUSD has been on a new retreat. Once again, our main target is the 61.8% level, where the dollar could get the next support before a new bullish consolidation.
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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.