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Weekly Technical Perspective on the US Dollar (DXY)

From dailyfx.com

In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The USD is testing near-term resistance here but the broader risk remains weighted to the topside. Here are the key levels that matter on the weekly chart for the US Dollar (DX) heading into the close of the month. Review Today's Strategy Webinar for an in-depth breakdown of this setup and more. Notes: In last month’s US Dollar Weekly Technical Perspective, we noted that the USD was, “testing confluence resistance at 93.89-94.20 where the 2016 low-week reversal close and the 38.2% ... (full story)

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  • Category: Technical Analysis