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US Dollar Index – Need to Re-Test the Broken Trendline?

US Dollar Index – Need to Re-Test the Broken Trendline?

2017-04-27 19:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
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US Dollar Index – Need to Re-Test the Broken Trendline?

Chart Prepared by Jamie Saettele, CMT

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-“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.” The drop below the line indicates a potentially major trend change. If DXY bounces, then pay attention to the underside of the line (99.50s) for resistance.

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