FX.co ★ Technical Analysis of Intraday Price Movements United States Dollar Currency Index Tuesday 29 November 2022.

On the 4-hour chart of the US Dollar Index, deviations appear between its price movements and the CCI indicator so that in the near future the USD Dollar Index has the potential to appreciate an upward rally up to the 107.07 level as its main target and if the momentum and volatility are supportive, then it is possible that the 107.87 level will become the next target to be tested but because currently #USDX is stuck at the level of the Bearish Fair Value Gap area (pink box) there is a potential for #USDX to get a correction to the level 106.10 which is important as long as the correction does not exceed the level 105.75 then the scenario of an upward rally that has been described above is still valid.

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