USDX | Daily Chart Analysis & Continuation Patterns | Indices
Welcome, traders! Thank you for joining us for today’s market update. In this session, our focus turns to the USDX as we dissect its daily chart.
Today’s focus: USDX
Pattern – Continuation (Bullish)
Support – 103.65
Resistance – 103.96
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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