DXY Tests Highs of the Range
The dollar remains strong, but is holding the range, with USD hitting highs against the Japanese Yen not seen since August of 1990. The DXY pivoted yesterday, and we headed for the highs of the range subsequently. We are likely to continue the range, so expect resistance at the highs of the range at 113.38. If we are able to break out then we will hit highs at 114.54. If we do reject the highs of the range and revert then expect support at 111.66, and then again at 111.37.
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.