InstaForex - Analytics

    InstaForex

    699.25 6.25/10
    61% of positive reviews
    Real

    USDX technical analysis for July 23, 2015

    The US Dollar index is pulling back in a corrective pattern as we expected two days ago. Despite yesterday's bounce towards 97,80, we saw a rejection at the 61.8% retracement of the latest decline. Now, we see new lows below 97.10 towards cloud support.

    usdx.jpg

    Show full picture

    The US Dollar Index remains inside the medium-term bullish channel and is now testing Ichimoku cloud support as shown in my 4-hour chart. Support is found at 96.80 while resistance is at 97.60 by the kijun-sen (yellow indicator) and at 97.80 the recent high.

    usdxd.jpg

    Show full picture

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree