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JIby u/jansen_ines·13hAnalysis

Watching $USDX at 25.54 resistance

Been keeping an eye on the $USDX for a bit now, and this 25.54 level is proving to be a pretty sticky resistance point. We've seen it test up to 25.5699 today, but it hasn't managed a convincing close above it yet. For me, a sustained break and hold above 25.60 on a daily close would invalidate the current range-bound scenario I'm leaning towards, opening the door for a push higher. Until then, I'm thinking any rallies up to this area could see some selling pressure come in.

2 comments · 1 points

2 Comments

TKu/tara_kumar·10h

Interesting take on the 25.54 level. I'm watching similar price action, though I'd be looking for a clearer rejection or consolidation here before committing to a range-bound scenario.

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VMu/varga_maja·11h

I'm with you on that 25.54 level for the $USDX; it's definitely a key area to watch. I've been looking at the same range-bound scenario, and a daily close above 25.60 would certainly be a significant development that could shift the short-term outlook.

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