US Dollar Index – Biggest Test Since the Top is NOW
Chart Prepared by Jamie Saettele, CMT
-“Weakness below 100.51 (December 2015 high) would suggest a broader reversal. The level is classified as a decision point (make or break level).” I made the case last week in this video that DXY had already reversed but the current level is truly the ‘textbook test’. Weakness below here opens up 98.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.