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Brennen_Ferrell

The DXY is testing the weekly 200MA once more

US DOLLAR CURRENCY INDEX (INDEX:DXY)  
Brennen_Ferrell  
INDEX:DXY   US DOLLAR CURRENCY INDEX
Trend Analysis DXY trend trendtrading fx Forex 200ma Bullish Patterns
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trendanalysis dxy trend trendtrading fx forex 200ma bullish
The DXY -0.89% recently retested the weekly 200MA, but found strong resistance as expected. Price has now approached this level of resistance once more. We would like to a breakout followed by a continuation to the upside.

It is NFP week, so it will be best to stand aside for now. This is a chart I will keep an eye on in the upcoming days though.

Thank you for reading and feel free to comment below.
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