Make or break for the dollar? DXY nearing critical support

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USD is teetering. The DXY is nearing a critical support level – the 200 Week MA..

Below the 200 Week MA, we can’t find much in terms of nearby support. It is so critical that I feel DXY has to bounce at that level. . I could be wrong & the DXY could crash through but I vote in favor of a big bounce at the 200 Week MA.

A break of support will have major implications for the stock markets, treasuries & gold.

DXY July 28

About Venkat Pulakkad

Entrepreneur, management consultant, blogger & forecaster. Founder of Flourish Research Media that provides insights on markets, trading strategies & risk management. Currently an active trader with 20+ years of experience trading Forex, Stocks & Options. Areas of interest: Trend / Swing trading, Macro-tech analysis, building trading strategies, deploying Risk Management techniques, and helping / coaching traders to become successful traders. Twitter link: https://twitter.com/Flourish_Venkat

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