FX.co ★ Short-term Dollar index analysis for October 19th, 2022.

Red line- resistance

Green line- horizontal support

Blue line- support

The Dollar index remains in a bullish trend making higher highs and higher lows. Price is trading around 112.65 above key support trend lines. Next key resistance is at 113.45. A daily close above this level will open the way for a move towards 115. Support is found at 111.40-111.70. As long as price is above this level, short-term trend will remain bullish and price will be expected to make new highs. So far there is no sign of an important top or a reversal to the downside. The first such signal would be for price to break below the blue upward sloping trend line.