Technical Analysis of Daily Price Movement of United States Dollar Index, Monday February 2023.
February 20, 2023 7:22 am
If we look at the daily chart of United States Dollar Index there is a deviation between price movement with its Awesome Oscillator indicator so that in a few days ahead #USDX has a potential to apprecated to test the level above the current price which is level 105,60, and if this level managed to break above then #USDX has the potential to continue its strength up to the level 107,87. However if there is the downside correction on its way to those level until it passes the level of 101.52 then all scenarios of a rally up above that have been described just now will become invalid.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the daily chart of United States Dollar Index there is a deviation between price movement with its Awesome Oscillator indicator so that in a few days ahead #USDX has a potential to apprecated to test the level above the current price which is level 105,60, and if this level managed to break above then #USDX has the potential to continue its strength up to the level 107,87. However if there is the downside correction on its way to those level until it passes the level of 101.52 then all scenarios of a rally up above that have been described just now will become invalid.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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