Technical Analysis – US Dollar Index rebounds on ascending line; gains are expected
The US dollar index found a strong support obstacle on the long-term ascending trend line once again, sending the price higher. The short-term bias is tilted to the upside as the stochastic oscillator is approaching the overbought area with stronger momentum than before in the daily timeframe. If the index moves higher, the 50-day simple moving average (SMA) currently at […]