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Dollar Index rebound DXY higher. H4 07.10.2024

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Dollar Index rebound DXY higher

Last week I was expecting a reversal of the dollar index up through a rebound lower. However, decided to go higher without a rebound on a more classic accumulation breakdown pattern. Now we came to a strong resistance level 102.30 from which I expect a corrective bounce down and then continued growth to the next resistance 103.06-103.35. A pullback is possible around 101.70+-.

DXY
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Dollar Index DXY approaches resistance

The dollar index decided to ride straight to major resistance 103.06-103.35 without correction and then I expect a bounce down on correction. Since today at 15:30 the inflation data for September in the US, the movements will definitely be volatile and can make a culmination with a reversal on all fronts as last time. I expect a fall to the buyers' zone 101.56-101.85, and further I will specify, as a new rebound to continue growth is possible.

Feragatname

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