Dollar index
The dollar index is moving in an ascending price channel
But it failed to reach the upper limit of the channel
It may go back up to target 111.70
The downside scenario is very close to happening, but it requires the condition of breaking the lower boundary of the price channel and the support level at the 107.60 cluster. If this break occurs, the price will target 104.50 and then the 101.50 level.
The dollar index is moving in an ascending price channel
But it failed to reach the upper limit of the channel
It may go back up to target 111.70
The downside scenario is very close to happening, but it requires the condition of breaking the lower boundary of the price channel and the support level at the 107.60 cluster. If this break occurs, the price will target 104.50 and then the 101.50 level.
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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.
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.