USD Index nearing possible support area
Weekly candle chart
DXY trading in a ~7% range since early 2015
Will the range hold? Will it break?
RSI looking bearish, but has also found support in the past, maybe looking to give the 61.8% retracement a proper test.
I could see the Fed just playing ping pong using their announcements for the rest of the year, curious to see how it goes. Also wondering if they're looking to do another round QE... these things I know little about.
DXY trading in a ~7% range since early 2015Will the range hold? Will it break?
RSI looking bearish, but has also found support in the past, maybe looking to give the 61.8% retracement a proper test.
I could see the Fed just playing ping pong using their announcements for the rest of the year, curious to see how it goes. Also wondering if they're looking to do another round QE... these things I know little about.
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