US Dollar Attempting Breakout
DXY is attempting a breakout of the March downtrend with a potential upslope identified here off the lows.
The weekly opening-range is set just above weekly open support at 101.58. Look for the breakout into the close of the week.
A topside breach of the median-line would expose the 2016 high-close / 2020 highs into the 103-handle.
A break below the lower parallel would threaten resumption towards the yearly / February lows at 100.82.
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
The weekly opening-range is set just above weekly open support at 101.58. Look for the breakout into the close of the week.
A topside breach of the median-line would expose the 2016 high-close / 2020 highs into the 103-handle.
A break below the lower parallel would threaten resumption towards the yearly / February lows at 100.82.
Michael Boutros, Sr Technical Strategist with FOREX.com
MBForex
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.