The U.S. dollar index must hold above 97.95 to avoid derailing. The Index had a great run since breaking out at 97.65, which I highlighted in my analysis during the breakout period. The Index fell on Friday's trading session after spending a considerable amount of time around 98.40 and landed at 97.95. The Index closed Friday's session at 98.00 just above the current support level at 97.95.
Support: 97.95, 97.85, 97.70, and 97.65
Resistance: 98.05, 98.15, 98.20, and 98.30
Support: 97.95, 97.85, 97.70, and 97.65
Resistance: 98.05, 98.15, 98.20, and 98.30
