Very long time the doller index is below the 100 level this is psychological level of the market, if dollor is sustain below this is the good news for the India imerging market. This is the signal of bullish. 😍😍😍
Now currently the doller is very importan level, this chart is Doller inverted chart. Year 1989, 1999, and 2016 multiple time this level is veryimportant resistant level, in the current market secnerio if the rate hike it is possible to breakout of doller price In higher the doller price not good for emerging market like India the price action show...
The script made a double bottom pattern on weekly chart near important support zone. I am expecting an up move from here onwards.