Daily Technical Report 12-9-2024

Technical Analysis

By Shady Fouad On Sep 12, 2024

DOLLAR INDEX

The U.S. Dollar Index is trading around the resistance area of 101.70, and if it breaks above this level, prices may target the 102.40 area. However, it is likely that prices will move sideways between the aforementioned resistance area and the support area of 100.50.

Support	101	100.50	–
Resistance	101.80	102.40	103

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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