Dollar Index -01/03/2023-
• Rising wedge on daily chart, a bearish pattern
• 105 offering resistance, limiting gains near term
• Next resistance is in mid 105s, 38.2% of Nov-Feb decline
• Upside is starting to lose traction, we are still in correction mode
• Levels to watch: 105 on the upside, 104 on the downside (today's low and wedge support)
• 105 offering resistance, limiting gains near term
• Next resistance is in mid 105s, 38.2% of Nov-Feb decline
• Upside is starting to lose traction, we are still in correction mode
• Levels to watch: 105 on the upside, 104 on the downside (today's low and wedge support)
Ramzi Abou Abdallah, CFTe, CMT
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