FX.co ★ U.S. Dollar Index (USDX) in Forex Trading

#USDX is trading around the price of 99.07, where the upper boundary of the internal descending channel is located. A rebound is expected, leading to a decrease in the index towards the lower boundary of the main channel at 98.17. This area is ideal for selling, but upon breaking the resistance upwards, the next selling point will be around the price of 99.75 at the upper channel boundary. Since the previous weekly candle was bearish, there is a high probability of the downtrend continuation.