Testing Major Support

2022년 8월 2일

The US Dollar index is currently testing major support from the lower boundary of the linear regression channel, which also coincides with the Daily 50 SMA and Weekly S1. This level also closes the monthly imbalance from May. I expect a high probability reversal to at least 106.67 where we have the yet untested monthly pivot. Further upside could see a reach for the top of the channel @ 108 while a break below support @ 105 could see a test of the Daily 100 SMA @ 103.2