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US Dollar Index Working its Way To 101.30

US Dollar Index Working its Way To 101.30

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to the DXY comments – still looking for that channel although the current level (12/14 and 1/12 lows) is classified as minor resistance. “The buck has turned up after piercing the December ECB low. If a broader decline is underway, then resistance probably needs to register (again) near the channel line that has been resistance and support since Brexit.”

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