DOLLAR INDEX 20-12-2023

Technical Analysis

By Shady Fouad On Dec 20, 2023

DOLLAR INDEX 20-12-2023.

It was expected that prices would retest the support zone within the range of 101.50, as the index is trading in a down-trend in the short-term below a significant resistance zone within the range of 102.3. In the event of a breakout to the upside , we may resume the upward corrective movement.

Support	101.75	101.5	–
Resistance	102.3	103.2	104.2

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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