DOLLAR INDEX (DXY) Key Levels to Watch ๐ต
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It looks like a correctional move started on Dollar index.
Here are the key levels for you to watch:
Vertical levels:
The market is currently trading within a huge rising parallel channel.
Its upper boundary is the closest resistance to watch.
Its lower boundary is the closest demand point.
Horizontal levels:
97.5 - 97.4 is the closest horizontal supply area
94.3 - 94.75 is the closest horizontal demand area
93.0 - 93.4 is a strong support zone to watch
The next trend-following move will most likely start only once the price reaches a vertical support.
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