Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-DXY continues to trade on parallels that are defined by the 2016 support line (from the May low). There is talk of a possible head and shoulders top, which would confirm on a drop under the February low. Even then, trendline support would register near 98.00 with the 200 day average. 99.80 should still be watched for support in the interim.