Dollar Index (#DXY): Classic Trend-Following Movement
The Dollar Index is currently trading in a strong bullish trend on a daily, moving steadily within a rising parallel channel.
There has been a significant breakout above a key resistance level, following a test of the lower channel boundary.
Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are at 108.20 and 109.00.
There has been a significant breakout above a key resistance level, following a test of the lower channel boundary.
Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are at 108.20 and 109.00.
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