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USDOLLAR Index Makes Attempt at Putting in a Bottom

USDOLLAR Index Makes Attempt at Putting in a Bottom

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- USDOLLAR Index breaks downtrend from April 13, daily 8-EMA.

- GBPUSD and USDCAD leading USD-pairs; USDJPY bullish setup.

- See the May forex seasonality report.

See the above video for technical considerations in EURUSD, GBPUSD, USDJPY, USDCAD, and the USDOLLAR Index.

Read more: Important Week for the USDOLLAR Index from a Technical Perspective

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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