U.S. Dollar Index

DXY D1 - Pivot Point for dollar

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DXY D1 - Still technically in a downtrend here on the dollar, following Wednesdays economic action we have seen a bit of a confused dollar in my opinion. Contradictory closes amongst commodities, FX, stocks and mutuals...

We closed red on Wednesday, recovered Thursday and we now sit at the pivot point of D1 and H4 area of S/R. Interested to see whether we have another bearish leg down, or break the trend on the basis on a hawkish FED to prevail.

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