- November 6, 2022
- Posted by: Stratford Team
- Category: Economy
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US Dollar Technical Price Outlook: DXY Weekly Trade Levels
- US Dollar technical trade level update – Weekly Chart
- USD Fed rally reverses post-NFPs – threat for correction remains
- DXY support 109.64, 108.09/74, 104.88-105– Resistance 112.17, 114.78-115.29, 116.20s
The US Dollar Index snapped a two-week losing streak with the DXY up nearly 0.5% heading into the weekly close. The dollar relinquished all of the post-FOMC gains on Friday despite a strong US non-farm payroll (NFP) release and the reversal threatens another test of the lows in the days ahead. These are the updated technical targets and invalidation levels that matter on the US Dollar Index weekly price chart. Review my latest Strategy Webinar for an in-depth breakdown of this DXY technical setup and more.
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