What Dollar Index price action means to you
Dave Floyd is a professional FX and stock trader based in Bend, OR and the
President of Aspen Trading Group. Dave’s approach to FX combines technical
and fundamental analysis that results in trades that fall into the swing
trading time frame of several hours to several days. For a free trial to
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While FX markets have been
somewhat quiet over the last 24-hours, the push higher in the Dollar (Dollar
Index, DXC) this AM take out some key resistance and sets up a possible short in
USD/CHF.
This is the one solid
set-up we see currently. We would expect price action to remain somewhat
subdued until the release tomorrow of U.S. GDP data at 5:30 AM PDT (13:30 GMT).
As always, feel free to send me your
comments and questions.