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US Dollar Index

3/7/2017 3:46:15 AM

US Dollar Index - Technical Analysis: Tuesday, 07/03/2017 08:46 GMT

The US dollar index showed retreat in the past sessions to approach from testing the ascending channel's support that carries the index since the beginning of last month, and the index returns to rise and settles above 101.60, to keep the bullish trend valid in the coming period, as the first main target is located at the mentioned channel's resistance at 102.95.

The exponential moving average 100 supports the continuation of the expected bullish trend, while breaking 101.60 then 101.20 levels represents negative factor that will push the index to return to the correctional bearish trend again.



Trend Bullish