DXY & USD Pairs

by Ashraf Laidi

Jun 20, 2024 15:06

Currencies continue to against the US dollar, which means the DXY index remains well supported not only in the rising trendline support, but also above the yellow trendline. Thsi means EURUSD continues to struggle to break above 1.0800, while finding suppprt at 1.0690. Note how 1.0690 plays the role of a right shoulder support in the inverted head-&-shoulder formation. AUDUSD continues to fail in breaking the horizontal resistance of 6700.    

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