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USD Index DXY: Positive signs remain after channel breakout


USD Index DXY: Positive signs remain after channel breakout

dollar currency index TVC: Lilac Garden



The index previously broke through the downward channel to the top, bringing strong positive momentum and breaking through the index’s early resistance level of 99 points.

Prices are currently at this level, which is considered key to continuing the upward trend. If it holds above this level, it could open the way for a target of 100.00 levels and above.

📌The index is currently rising. As long as the index is above 99.00 points, the US dollar will strengthen. After the MACD indicator turns positive, USD can be bought above this level while maintaining appropriate stops below it.

✔️ It is also possible to sell, but if the index breaks the 99.00 level and the MACD continues to be negative, we do not like to do this and target the next support level at 97.81, which is a support and buy level.
Overall, the technology outlook remains positive. We would prefer to buy above current support at 99.00, or wait for the next support at 97.81.

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