As it’s clear on the chart, US dollar index has mad higher highs and broken out the resistance levels. Price is in a strong uptrend.
Currently, Price is facing a strong bullish pressure and currently, has broken the bullish pennant pattern to the upside and closed a bullish 4H candle above the pattern.
I expect a rise on DXY around 101.600 which is as the same length as the pennant’s pole.
Currently, Price is facing a strong bullish pressure and currently, has broken the bullish pennant pattern to the upside and closed a bullish 4H candle above the pattern.
I expect a rise on DXY around 101.600 which is as the same length as the pennant’s pole.
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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.