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US Dollar Index – Uptrend as Long as the Channel Holds

US Dollar Index – Uptrend as Long as the Channel Holds

2017-04-13 19:48:00
Jamie Saettele, CMT, Sr. Technical Strategist
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US Dollar Index – Uptrend as Long as the Channel Holds

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-DXY held trendline support at the March low and just found resistance from the median line of the 2016 channel. I don’t have a strong opinion on direction right now but the barriers are the January-March line and 2016 trendline. A move on either side of these lines (daily close) ideally ushers in the next directional move.

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

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