U.S. Dollar Index
Long

Dollar Index (#DXY): Classic Trend-Following Movement

941
The Dollar Index is currently trading in a strong bullish trend on a daily, moving steadily within a rising parallel channel.

There has been a significant breakout above a key resistance level, following a test of the lower channel boundary.

Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are at 108.20 and 109.00.

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.