Advertisement
Australia markets open in 5 hours 6 minutes

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • AUD/USD

    0.6515
    +0.0015 (+0.22%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    83.63
    +0.82 (+0.99%)
     

  • GOLD

    2,345.70
    +7.30 (+0.31%)
     

  • Bitcoin AUD

    99,122.59
    +603.81 (+0.61%)
     

  • CMC Crypto 200

    1,393.88
    +11.31 (+0.82%)
     

US Dollar Index Breakout Struggles

Jamie Saettele, CMT

DailyFX.com -

Daily

US Dollar Index Breakout Struggles
US Dollar Index Breakout Struggles

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to the DXY chart or comments. “Monday’s (11/14) close settled above channel resistance, indicating potential for upside acceleration (could be a ‘blow-off’). The importance of the break through resistance is accentuated by the fact that channel resistance (former now) was support earlier this week (on 11/17 dip).” DXY hasn’t disappointed, having traded through the 2015 highs. 99.83 (former support), along with former channel resistance, should be watched for support.


original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from IG.