The dollar index has been very positive for the previous weeks and because it broke our very strong trend we are hoping for it to continue rising if the NFP news come out positive. The DXY broke the 104.400 resistance that it has been failing to do for the past weeks and came back to retest it become the new support. Will it fail to continue up or will just stoop down? It is steady for the mean time but if it crosses the 105.060 resistance it will continue with the uptrend for the rest of the month.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.