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

Angela Mangan

QMG Pty Ltd

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.

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Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.


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