The US Dollar Index is attempting to mark a fifth-consecutive weekly decline with DXY down more than 4.7% from the yearly highs to test the January yearly lows. While a break of the monthly opening-range does keep the focus lower, we’re looking for possible inflection into this zone with a close below to threaten the next major leg lower in the Dollar. These are the updated targets and invalidation levels that matter on the DXY short-term technical charts.
The US Dollar Index plunged more than 4.2% off the yearly highs with the decline now taking the greenback into longer-term uptrend support near the January lows. These are the updated targets and invalidation levels that matter on the DXY weekly technical chart.
The US Dollar Index is attempting to mark a sixth-consecutive daily decline with DXY off by more than 1.6% this week. The decline is now approaching a key pivot zone and while a break of the monthly opening-range keeps the focus lower, the decline may be vulnerable as price approaches near-term downtrend support. These are the updated targets and invalidation levels that matter on the DXY short-term technical charts.
The Fed inspired USD rally reversed on the heels of strong NFPs on Friday with DXY threatening a deeper correction. The levels that matter on the weekly technical chart.
An outside-weekly reversal off resistance threatens a larger pullback in the US Dollar- battle lines drawn. The levels that matter on the DXY weekly technical chart.