US Dollar Index

DXY - 23 May 2024

31
Since 16 May 2024, price open low but trade higher. Along the way up, price didn't experience strong resistance from above, not until it reaches 104.35, even there is some remaining selling pressure at that level but we can clearly see there isn't any follow through afterwards.

Price hold, and Monday open price again start to trade higher slowly and gradually. Wednesday LD we start to see some bullish intention, a minor acceleration, this is a sign of continuous SOS. In short term, I will expect a higher prices from here.

Penafian

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