Dollar Index Testing Confluent Resistance- Day Four
The Dollar Index is testing a major resistance confluence here at 103.47/50- a region defined by the 61.8% retracement of the yearly range and the objective 2023 yearly open. Note that March Trendline now converges on this threshold as well. . . Looking for a reaction here.
Initial suport now 102.71
A topside breach from here exposes the May high-day close at 104.22 and 104.53.
MBForex
Initial suport now 102.71
A topside breach from here exposes the May high-day close at 104.22 and 104.53.
MBForex
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