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TFC Commodity Trading Forum

U.S.$ Index/Testing its Breakout Point *PIC*

DX broke out above its 5 month downtrendline which was also price resistance at 80.43. Price approached the Dec high resistance at 81 and has since pulled back to the breakout point. Price has 'tested' this breakout point and is bouncing back up again. So far so good for the test of the breakout point on the pullback. Lots of resistance at 81 to 82 once again with DX in a tight range. January right into early February is the strongest period of the year for DX historically. And it takes very little movement in DX to affect inverse markets.