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DOLLAR INDEX 1-11-2023 .

Technical Analysis
By Shady Fouad
0 28

DOLLAR INDEX 1-11-2023 .
Prices continue to move in an  up-trend in the short term .and  as expected prices have tested important support levels around 105.50 and rebounded from there, currently trading near resistance levels around 106.8. It is expected that prices will decline again and move sideways between support and resistance levels. This scenario will be invalidated if there is a breakthrough above the 107 resistance level and staying above it.

Support

 105.90 105.40 105.10
Resistance 106.80 107.00

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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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