USDX: Thoughts and Analysis
Today's focus: USDX
Pattern – Continuation (Bullish)
Support – 103.65
Resistance – 103.96
Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDX on the daily chart.
Today, we are asking if the USDX will set off on a new continuation higher after posting further bullish price action. The worry is if we don't see a close above resistance. This could set up a failed high, and if we don't see a break of resistance, this could set up a new extension lower.
Good trading.
Pattern – Continuation (Bullish)
Support – 103.65
Resistance – 103.96
Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDX on the daily chart.
Today, we are asking if the USDX will set off on a new continuation higher after posting further bullish price action. The worry is if we don't see a close above resistance. This could set up a failed high, and if we don't see a break of resistance, this could set up a new extension lower.
Good trading.
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