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.


Comments

Please sign in to comment on this wire.