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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

 

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US Dollar Index (DXY) Daily Chart

 

 

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DXY Chart by TradingView

 

 

 

Oct 11, 2022 | DailyFX
Paul Robinson, Strategist

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