Bullish USDX retracement respects support level

3 thg 10, 2020

The USD index has been showing bullishness until last week where we have seen a week long retracement back down to a previous resistance turned support level. This level also correlates with the 62% fib retracment level. After testing these levels on thursday, the asset formed a pin bar and broke market structure to the upside on Fridays close last week. Upside targets are 94.7 & 95.7