Dollar Index Price Chart – Source: Tradingview
Price at the 4H shows continued bullish continuation in the DXY, which is trading at $99.81. There have been a series of bullish continuation candles that have pushed price above the 50 period moving average which is currently at $99.59. The price has also produced a series of higher highs from the higher low at $99.16.
The price continues to respect the ascending trendline and is above the price resistance that it has recently been in. The RSI is above 52, but is not yet in overbought territory. The price has shown higher highs and higher lows since. The RSI is continuing to increase.
The volume profile highlights the $99.38 to $99.59 zone as a strong area of dynamic support. The Fib retracement at 99.59 to 99.16 has its next level of resistance at $100.00 to $100.31. The price has a structure that is higher above $99.59, and it is…
