Dollar Index (DXY): Important Things to Watch 💵

4 Agu 2023

https://www.tradingview.com/x/l5jz2glr/

Here is my top-down analysis for Dollar Index.

Ahead of NFP, the main focus are 2 structures:
intraday support and a daily resistance.

If the price breaks and closes above 102.73 - 102.92 area on a daily,
a bullish movement will be expected to 103.33

Alternatively, a bearish breakout of 102.3 - 102.44 area and
4h candle close below that will be a strong bearish signal.
The index will drop at least to 101.96 then.

Let's see what will happen.

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