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DOLLAR INDEX 5-12-2023

Technical Analysis
By Shady Fouad
0 34

DOLLAR INDEX 5-12-2023

prices are currently moving in a down-trend in the short term and has surpassed a crucial resistance level at 103.3. If it stays above this level, we may see a continuation of the corrective upward movement, with a potential target at 104.40 . However, this scenario would be invalidated if the price falls below 102.30.

Support

 103.30 102.90 102.3
Resistance 103.65 104.20

104.40
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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