Trade Alert
Once again, the index is shifting higher. It broke its downside resistance line and now points the upside. DXY might continue traveling further up, if it gets above the 96.55 barrier again.
For now, we remain positive over the near-term outlook, but will change our views, if we see a break below the short-term upside support line, taken from the low of January 31st.
Please see the chart for details.
For more market research please see our daily articles here:
www.jfdbrokers.com/en/research
Once again, the index is shifting higher. It broke its downside resistance line and now points the upside. DXY might continue traveling further up, if it gets above the 96.55 barrier again.
For now, we remain positive over the near-term outlook, but will change our views, if we see a break below the short-term upside support line, taken from the low of January 31st.
Please see the chart for details.
For more market research please see our daily articles here:
www.jfdbrokers.com/en/research