Dollar Index at 200sma Resistance

Dollar Index at 200sma Resistance

U.S. Dollar Index ICEUSA:DX1!


This currency index is featuring for the first time on our TradingView blogs.

Current setup: Price has been in a bullish trend since finding support at a key resistance zone that includes the high of 2008 but is now faced with weekly 200sma resistance.

Conclusion: A break and close above the weekly 200sma is required to suggest a bullish trend continuation.

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