U.S. Dollar IndexShort
The US Dollar Plummets
The US dollar has collapsed down to the 95 handle, finding support at 95.26. We smashed through several levels in the 96's after giving up this handle entirely. We are beginning to see support via a small inverse head and shoulder pattern. However, the strength of this selloff is formidable, and we are wary of lower prices to come. If so, then 94.97 is the next target, the first level in the 94 handle. If we are able to see some support at current levels then 95.58 and 95.82 are the next targets.
Join my discord at discord.io/quantguy
Related publications
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.