Drawing out our analysis from a daily time frame we can see the dollar index still in a clear rising uptrend channel. What we currently experiencing could be seen as a correction move after the steep bull move.
If price respects the channel the dollar index could potentially see some bull rally soon.
However, if it breaks the channel,then only my bias would change.
If price respects the channel the dollar index could potentially see some bull rally soon.
However, if it breaks the channel,then only my bias would change.
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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.