The Bullish Channel is continuously gaining strength from a strong pullback from the 99.581 zone after a support breakout. Now at the current level, the US Dollar Index at 102.894 is a very important level and a resistance level in H4.
As per the channel, the US Dollar will fall to 102.440 to give respect to its Demand zone.
With the channel formed and the major zone marked, the dollar is gaining strength day by day and will touch the 104.500 zone.
As per the gold and major pairs, they will shortly show some bullish movement with short wave corrections in the US dollar price, but the us dollar will be in a bullish trend.
Fundamental market movements will also have a positive impact on the dollar.
The Key zone in US dollar from short reversal;
1- 102.894
2- 103.443
3- 103.714
Mark the US Dollar Index chart, and you will get some good pips in Gold and major currency pairs for short-term bullish movement.
Note: Keep an eye on the US Dollar Economic Currency calendar for better understanding.
As per the channel, the US Dollar will fall to 102.440 to give respect to its Demand zone.
With the channel formed and the major zone marked, the dollar is gaining strength day by day and will touch the 104.500 zone.
As per the gold and major pairs, they will shortly show some bullish movement with short wave corrections in the US dollar price, but the us dollar will be in a bullish trend.
Fundamental market movements will also have a positive impact on the dollar.
The Key zone in US dollar from short reversal;
1- 102.894
2- 103.443
3- 103.714
Mark the US Dollar Index chart, and you will get some good pips in Gold and major currency pairs for short-term bullish movement.
Note: Keep an eye on the US Dollar Economic Currency calendar for better understanding.