Has the Dollar turned?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Has the Dollar turned? The Dollar Index has rebounded sharply from Tuesday's lows and looks like it may be about to embark on a period of strength. The market broke lower over the past couple of weeks while the RSI remained above 30 and above the March lows (a positive divergence).Not only this but price is now firmly back above those March lows as well. It is currently sitting just below 95 which is currently short term resistance. A break above here though and we may be in for a much

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