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US Dollar Technical Analysis: At an Important Cross-road


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USD Technical Outlook

  • US Dollar Index (DXY) is in position to post a meaningful lower-high if it can’t keep going here
  • If we don’t see a hard turn then a full retest of recent highs and higher could soon be in store

US Dollar Technical Analysis: At an Important Cross-road

 

US Dollar Technical Analysis: At an Important Cross-road

 

The US Dollar Index (DXY) is at a critical spot and point in time given the recent sharp turn off long-term slope resistance. Momentum is starting to turn back to the downside after a solid rise, and on that the dollar could be in the process of posting a meaningful lower high.

US Dollar Index (DXY) Weekly Chart

 

Graphical user interface, chart  Description automatically generated

US Dollar Index (DXY) Daily Chart

 

 

Chart, histogram  Description automatically generated

DXY Chart by TradingView

 

 

 

Oct 11, 2022 | DailyFX
Paul Robinson, Strategist

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