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Daily Technical Report 20-3-2024

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DOLLAR INDEX

DXY

Prices rose in recent trading sessions, nearing to  resistance levels in the range of 103.75-104. If these levels are breached to the upside, we may target 104.75.

Support

103 102.40 101.70
Resistance 103.75 104

USDJPY 

USDJPY

Prices have continued to rise rapidly in recent trading sessions, breaking through resistance levels in the range of 150.70. Currently, prices are trading near the 152 area. It is expected that the USD/JPY pair may encounter selling pressure in this area, limiting the pace of the upward corrective movement.

Support

150.80 150.50 149.5
Resistance 151.50 152

USOIL

USOIL

Prices rose after breaking above the $80 resistance level, reaching close to the target of $83. It is expected that there will be pressure in these areas that may force prices to retest the $79.50 – $80.

Support

81 79.5 77.5
Resistance 82.50 83

83.5

BTCUSD 

BTCUSD

Bitcoin is trading around the $60,800 area, which is considered a key support level. If it breaks below this level, we may test $56,800.

Support

60800 56800
Resistance 63800 66500

69000

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