US Dollar Price Analysis: Bulls target a breach into clear skies to 105.35/ 106.00 DollarIndex Currencies Technical Analysis
Taking into consideration the fundamentals as outlined above, has the US Dollar got room to go on the upside until any major-looking resistance is seen?Looking at the above chart and the monthly structures, we can see that there have been plenty of reactions from the recent lows near 101.00 over many months of history in the DXY index.
From a daily perspective, the 104.30s were pinned but there is room to go on the upside following the correction into old resistance that is now acting as a support structure. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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