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  • (ASEAN Fundy) US Dollar Outlook: Treasury Yields May Continue Pressuring ASEAN, Emerging Market FX #USD #treasuries #bonds #ASEAN #EmergingMarkets https://www.dailyfx.com/forex/fundamental/article/special_report/2021/03/08/US-Dollar-Outlook-Treasury-Yields-May-Continue-Pressuring-ASEAN-Emerging-Market-FX.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Yh4iwDPsUI
US Dollar Index is Dazed and Confused

US Dollar Index is Dazed and Confused

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

US Dollar Index is Dazed and Confused

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-DXY continues to trade on parallels that are defined by the 2016 support line (from the May low). There is talk of a possible head and shoulders top, which would confirm on a drop under the February low. Even then, trendline support would register near 98.00 with the 200 day average. 99.80 should still be watched for support in the interim.

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