Dollar Index Consolidation: Will NFP Trigger an Upside Breakout?

10월 2일

Since its recent touch on the support zone back in August, the U.S. Dollar Index ( DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level.
Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with bulls stepping in to defend the level successfully.

From my perspective, we are nearing a potential upside reversal, and the upcoming Non-Farm Payroll report on Friday could serve as the catalyst for this move.
Currently, 102 is the key level to watch for confirmation of an upward breakout. Should the DXY break above this threshold, the next reasonable target would be around 104, marking a significant bullish shift in momentum.

10월 3일

액티브 트레이드

Yesterday, as expected, DXY broke above the falling trend line suggesting that, indeed, a bottom is probably in place.
Now the index faces horizontal resistance and, in the instance of a break, the road to 104 is relatively clear.

10월 22일

거래청산: 타겟 닿음

DXY has reached 104 resistance and target