Continuum_Economics

USD Index DXY: Turning away from 90.00/10

TVC:DXY   U.S. Dollar Currency Index
14:50 GMT - The pullback towards 90.00/10 has found fresh support at 90.25, whilst intraday studies track higher and oversold daily stochastics flatten. The break above 90.50 has opened up the 91.00 break level, but the falling Tension Indicator is expected to limit any immediate tests in fresh consolidation. Weekly charts continue to improve, however, suggesting a later break and a run towards critical resistance at the 91.60 weekly high of 5 February. Meanwhile, support remains at 90.00/10 and should continue to underpin any immediate setbacks.
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