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US Dollar Index Testing March 2015 Level (MAJOR Level)

US Dollar Index Testing March 2015 Level (MAJOR Level)

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

US Dollar Index Testing March 2015 Level (MAJOR Level)

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.” Decision time as DXY is trading 100.39! A weekly close below the level would suggest that the path is lower.

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