Technicals - USD Index (DXY) - technical buy signal generated

Angela Mangan

The USD index (DXY) previously generated a technical top formation in early February 2016 (as highlighted by chart below) which indicated the potential for further downside to occur. The DXY has now completed an upward reversal / closed above key resistance which has generated a technical buy signal. The technical outlook has turned positive. The upside technical target is located at 97.00 - which represents key technical resistance and the minimum expectation for a rally.

Angela Mangan

Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...


No areas of expertise

usd currencies


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