Forex analytics and overview

U.S. Dollar Index to Test Resistance: Will it Break Through?

2023.06.20 12:12

Jason Sen

making a slow recovery in the sideways trend as we head towards strong resistance at 102.65/75. This may be an opportunity to sell the dollar pairs (eg buy or sell ).

If you are short around 102.45/50 I think we will see a retest of 102.10/00 before too long. A break above 102.75 however can target 103.00/10.

A break below 102.00 targets 101.85/75 then 101.40/30.

no sell signal despite overbought conditions so I remain a buyer on weakness.

NZDUSD-Chart

NZDUSD-Chart

Strong support at 6800/6790. Longs need stops below 6775.

Targets: 6825, 6850, 6885

support at 6190/80. A low for the day exactly here yesterday also. Longs need stops below 6165.

Targets: 6210, 6240, 6280.

Strong support at 6150/40. Longs need stops below 6125.

Targets: 6180, 6210

first resistance at 8960/70, with a high for the day only 4 pips above here yesterday – Shorts need stops above 8980.

USDCHF Chart

USDCHF Chart

Targets: 8930, 8910

Strong resistance at 8990/9000. Shorts need stops above 9015.

Targets: 8965, 8940.

first support at 106.40/30. Longs need stops below 106.15.

Better support at 105.75/55. Longs need stops below 105.35.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,583.41 5.47%
ethereum
Ethereum (ETH) $ 3,493.23 4.50%
tether
Tether (USDT) $ 0.999627 0.03%
xrp
XRP (XRP) $ 2.33 6.82%
bnb
BNB (BNB) $ 695.20 1.43%
solana
Solana (SOL) $ 196.17 4.30%
dogecoin
Dogecoin (DOGE) $ 0.336079 6.83%
usd-coin
USDC (USDC) $ 1.00 0.11%
staked-ether
Lido Staked Ether (STETH) $ 3,484.16 4.40%
cardano
Cardano (ADA) $ 0.937045 5.34%
tron
TRON (TRX) $ 0.257592 2.80%
avalanche-2
Avalanche (AVAX) $ 41.35 11.35%
chainlink
Chainlink (LINK) $ 24.96 9.42%
the-open-network
Toncoin (TON) $ 5.77 4.40%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,145.28 4.72%
sui
Sui (SUI) $ 4.70 6.92%
shiba-inu
Shiba Inu (SHIB) $ 0.000023 5.96%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,138.29 4.92%
hedera-hashgraph
Hedera (HBAR) $ 0.324732 19.49%
stellar
Stellar (XLM) $ 0.403084 12.87%
polkadot
Polkadot (DOT) $ 7.53 6.98%
hyperliquid
Hyperliquid (HYPE) $ 30.53 10.76%
weth
WETH (WETH) $ 3,491.73 4.58%
bitcoin-cash
Bitcoin Cash (BCH) $ 473.03 5.92%
uniswap
Uniswap (UNI) $ 14.60 6.34%
leo-token
LEO Token (LEO) $ 9.45 1.41%
litecoin
Litecoin (LTC) $ 108.95 5.78%
pepe
Pepe (PEPE) $ 0.000019 7.27%
bitget-token
Bitget Token (BGB) $ 4.93 21.92%
near
NEAR Protocol (NEAR) $ 5.55 8.00%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,686.90 4.53%
ethena-usde
Ethena USDe (USDE) $ 0.99944 0.11%
aave
Aave (AAVE) $ 377.33 5.78%
aptos
Aptos (APT) $ 9.76 4.19%
internet-computer
Internet Computer (ICP) $ 11.20 9.78%
usds
USDS (USDS) $ 1.00 0.09%
crypto-com-chain
Cronos (CRO) $ 0.167301 7.00%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.526448 9.61%
vechain
VeChain (VET) $ 0.05288 14.47%
ethereum-classic
Ethereum Classic (ETC) $ 28.13 6.31%
mantle
Mantle (MNT) $ 1.23 4.94%
render-token
Render (RENDER) $ 7.83 8.84%
bittensor
Bittensor (TAO) $ 498.38 8.42%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.38 7.76%
whitebit
WhiteBIT Coin (WBT) $ 24.92 2.39%
mantra-dao
MANTRA (OM) $ 3.77 0.31%
monero
Monero (XMR) $ 192.36 0.81%
arbitrum
Arbitrum (ARB) $ 0.820703 6.96%
dai
Dai (DAI) $ 1.00 0.26%
filecoin
Filecoin (FIL) $ 5.46 10.39%