US Dollar Index resistance remains at 95.70/96.00 levels

11 wrz 2018

The US Dollar Index short term story continues to inspire a potential bearish reversal. We can safely assume that the index has either formed a potential top at 95.70 levels or it could test 96.00 levels before resuming lower again. A consistent push below 94.80 levels could indicate that a meaningful top is in place at 95.70 levels. In either case, it is safe to assume that the US Dollar Index -0.07% is a potential sell on rallies chart going forward. It remains to be seen if the bearish reversal would be from current levels or from 96.00 levels going forward.


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