FX.co ★ bryana.reichert | U.S. Dollar Index (USDX) in Forex Trading

#USDX The dollar index has been showing an upward trend since the beginning of the day and continues to stay within a descending channel on the H4 chart. The MACD indicator is in the oversold zone with no clear signals observed, while the MA arrow points downwards. In this situation, there is a presumption that sales seem more likely, despite the possible continuation of a corrective movement towards the level of 102.73. In any case, another decline is expected down to the mark of 101.70, from which the second rebound occurred today. And if it breaks through, it will go even lower.