US Dollar bounced back 89.970 but still to get through 90.450 and 90.690 to make new highs

Denis Joeli Fatiaki Independent Analyst

USD (DXY) Dollar bounced back 89.970 but still to get through 90.450 and 90.690 to make new highs

The USD pulled back after a good run breaking through 89.675 to reach highs of 90.690. The recent pullback has created support levels at 89.880 and now holds above a crucial support level at 90.200; the index will need to hold at this level to proceed to the next two critical levels at 90.450 and 90.690.

The current short-term trend is still in an uptrend, as indicated in the 30 minutes price chart below; however, prices will need to remain above the 89.820 support level to maintain the current trend.

Critical support levels: 90.200, 90.060, 89.820, 89.675, 89.435
Critical resistance levels: 90.450, 90.690, 90.930, 91.170

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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