Dollar Index Testing Confluent Resistance- Day Four
The Dollar Index is testing a major resistance confluence here at 103.47/50- a region defined by the 61.8% retracement of the yearly range and the objective 2023 yearly open. Note that March Trendline now converges on this threshold as well. . . Looking for a reaction here.
Initial suport now 102.71
A topside breach from here exposes the May high-day close at 104.22 and 104.53.
MBForex
Initial suport now 102.71
A topside breach from here exposes the May high-day close at 104.22 and 104.53.
MBForex
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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.