DXY to break resistance and open the door to further buying?

Wait 5 sec.

DXY to break resistance and open the door to further buying?U.S. Dollar Currency IndexTVC:DXYFPMarketsFrom the US Dollar Index, you can see that the USD has regained some poise and rallied for four consecutive days this week. This has led the DXY north of a 3M resistance at 98.33 – which is now a marked support level – and subsequently led price action to another 3M resistance level at 99.40. Despite the high of 100.26, formed on 1 August, a meaningful break of the current resistance level, paves the way for a move to a 1Y resistance at 101.43. FP Markets Research Team