Dollar Index Inflection Point

Dollar Index is trading at 97.09 after hitting 14 year high of 103.81 in the Jan month, it is down by 6.47% from the top.

On 9th Nov Donald Trump’s election win surprise candle has a significance on the chart with a low of 95.93 on the downside.

RSI having positive pergence on the charts and prices formed the bullish pattern near our support (Redline). Hence we will buy dollar index at CMP-97.09 level for the upside target of 98.80 and 100 levels with a closing SL at 95.90

Dollar Index Inflection Point

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