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FX.co ★ USD Index to return to consolidation area, July 09, 2020.

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Forex Analysis:::2020-07-09T01:29:03

USD Index to return to consolidation area, July 09, 2020.

USD Index to return to consolidation area, July 09, 2020.

On the 4-hour chart we see a Divergence between USDX and the Stochastic Oscillator. There is a potential turning point for USDX and the previous consolidation area (Orange Rectangle). This is likely to occur, if USDX does not drop and close bellow the 96.36 level.

(Disclaimer)

Analyst InstaForex
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