DXY Strength – But A Trendline In The Way?
US DOLLAR CURRENCY INDEX TVC:DXY
The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside move to test 87.00 area.