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US Dollar Index Re-Test a Success…For Now

US Dollar Index Re-Test a Success…For Now

2017-01-19 20:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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US Dollar Index Re-Test a Success…For Now

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“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’. The ‘textbook test’ but it’s far from ‘all clear’ on the upside. Pay attention to 102 for resistance.

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