26.12.201916:08 Forex Analysis & Reviews: USD Index analysis for 12.26.2019 - Breakout of the well-defined upward channel, downward movement is expected

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Dollar index is trading at the price of 97.11. I foun

d that breakout of well-defined upward channel, which is sign that short-term downside movement is expected.

The downward targets are set at the price of 96.46 and at the price of 96.30

MACD oscillator is showing in the negative territory below the zero and the slow line just turned downside, which is good indication for the further downside movement.

Major resistance level is seen at the price of 97.33

Support levels are seen at the price of 97, 96.45 and 96.30

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