- If stays within the up trending channel in the four hour chart us dollar will continue to move up.
- Weakness will be seen only if the channel gets violated.
- US Dollar has crossed 79 and 79.58 levels.
- Index has also pulled away from 50 DMA .
- Sustaining above 79.58 should take it above 80
- USD is getting resisted at 79.
- Up move will be possible only if price breakout above this level.
- US Dollar index Four hour chart shows price breakout from a channel.
- If trades above 79 will target the recent high.
- Price also broke above the 50 moving average in four hour chart. Recent high of 79.58 may act as resistance in case price move above 79.
- DOW JONES CHART WITH CLOUD RESISTANCE