Daily

US Dollar Index Resistance Pullback Resistance Pullback Resistance…

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). The yearly opening price is 102.38 and could influence for a reaction. I’d also pay attention to 100.39 (March 2015 high…here we are 2 years later by the way…basically unchanged!) for support. A break through one of these levels ideally offers something to work with from a trend perspective.