US Dollar Index Pulls Back Off Yearly Highs Ahead of Biden Inauguration

The US Dollar Index (DXY) on Monday pulled back off yearly highs of about 90.95 to trade at around 90.76 ahead of President-elect Joe Biden’s inauguration ceremony. The USDX appears to be trading within an ascending wedge formation in the 60-min chart. It remains several levels above the 100-hour and the 200-hour SMA lines. The latest pullback pushed the US dollar currency index back to the normal trading zone of the 14-hour RSI, off overbought levels.The US Dollar Index Fundamentals Overview: From a fundamental perspective, the US dollar index is trading ahead of a relatively quiet trading period in the US market. … (full story)

Let's Have A Chat ​


please, upload jpg, jpeg, png or pdf files only