US Dollar Index - Technical Analysis: Wednesday, 15/03/2017 09:11 GMT

The US dollar index founds strong support at 101.20 that pushed it to rise to test the important resistance at 101.60, and the index still below the previously broken support of the ascending channel, to keep the bearish trend expected for the coming period, noting that breaking 101.20 will put the index under more negative pressure that will push trades to 100.22 direct.

Breaking the last level will extend the index losses to reach 99.12, while surpassing 101.60 will open the way to the return of the index to the bullish trend on the short term basis.