Dollar Index Formed Bullish Wedge Pattern
Burc Oran
December 2, 2020
Dollar Index | Daily Chart - RSI 14
Dollar Index | Daily Chart – RSI 14

Dollar Index has formed a bullish wedge pattern. Downward pressures may continue before medium-term upward moves to start but in the short-term a backtest of the 92 level then reverse to red trend line is possible. Unless the price break above 92, 90.475 level will be a good target.

If DXY Index breaks 92 resistance to the upside then the upper line of the bullish wedge which is at 93.235 at the moment, can be tested again.

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