The Dollar index has found support at 101 and may have finished with the short-term pullback. Trend remains bullish as long as price is above 99.44 and new highs could be expected tomorrow after the FED meeting and the announcement by Janet Yellen.
Red line- resistnace
Blue line -support
The Dollar index is bouncing off the Ichimoku cloud short-term support. Price is above the cloud. Trend remains bullish. 101.80 is resistance. If broken, we should expect a move towards 103. The rate hike is already priced in. However what Janet Yellen tells will be in the center of attention.
Green line – trend line support
The Dollar index is at weekly resistance. As long as price is above the low of last week at 99.44, trend will remain bullish targeting 103-104. As long as price is above the long-term green trend line support trend is bullish expecting a move above 104.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
The Dollar index has found support at 101 and may have finished with the short-term pullback. Trend remains bullish as long as price is above 99.44 and new highs could be expected tomorrow after the FED meeting and the announcement by Janet Yellen.
Red line- resistnace
Blue line -support
The Dollar index is bouncing off the Ichimoku cloud short-term support. Price is above the cloud. Trend remains bullish. 101.80 is resistance. If broken, we should expect a move towards 103. The rate hike is already priced in. However what Janet Yellen tells will be in the center of attention.
Green line – trend line support
The Dollar index is at weekly resistance. As long as price is above the low of last week at 99.44, trend will remain bullish targeting 103-104. As long as price is above the long-term green trend line support trend is bullish expecting a move above 104.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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