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DXY: Key Levels and Scenarios to Prepare for in 2024

From dailypriceaction.com

{video} Can the US Dollar Index (DXY) hold onto critical support at 100.80? Or will the index signal further dollar weakness as we begin a new year? In today’s video, we’ll discuss key levels and likely scenarios for the dollar index so you’re better prepared to trade the major currency pairs in 2024. The DXY is resting on critical support this week at 100.80. It’s a significant area for the dollar, given the role it played throughout 2023. Specifically, 100.80 triggered the bounce in early February, and served as support again between April and May. With that in mind, it would be surprising if dollar bulls gave up ... (full story)

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  • Category: Technical Analysis