U.S. DOLLAR INDEX FUTURES HOURLY
DXY reached the top side of its breakout level (neckline) today. Support here is reinforced by VWAP from the low, which held as support throughout September. This is an important decision point and I am ‘thinking’ that price turns higher.
10/1 – Different USD index but the same story. Price tested the breakout level today (low was 93.52). Maybe DXY spikes lower on NFP before reversing higher in earnest but I am a bull. In fact, a spike lower to test VWAP from the September low would make sense.
#USDollarIndex#
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