US Dollar Index - set for range breakout
The Dollar Index trades rangebound above the 10610 level which shows a confluence with the rising trend channel from the Nov.24 low. I prefer the upside with a bounce from here but the overhead resistance at 10650 (check the daily chart) needs to break up for further gains.
A break of the 10610 support has scope for 10540 with an interim support near 10580 (0.618 fibo level of the current upswing).
A break of the 10610 support has scope for 10540 with an interim support near 10580 (0.618 fibo level of the current upswing).
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