Hong Kong
2024-12-17 16:48
IndustryDXY: Bearish Bias Amid Key Support Test
Technical Overview
The Dollar Index continues to consolidate near the critical support level of 106.75. A confirmed break below this level could drive the index lower towards the 106.00–105.50 range in the coming days.
Upside Potential Limited
Upward movement remains capped at 108. The overall outlook leans bearish unless significant momentum shifts occur.
Trading Strategy
Entry Point: Buy near 106.4, targeting the upper range at 107.5.
Stop-Loss: Strict 30-point stop on a confirmed breakout.
Key Data to Watch
Today's U.S. industrial production and capacity utilization reports could shape the index's short-term trajectory.
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DXY: Bearish Bias Amid Key Support Test
Hong Kong | 2024-12-17 16:48
Technical Overview
The Dollar Index continues to consolidate near the critical support level of 106.75. A confirmed break below this level could drive the index lower towards the 106.00–105.50 range in the coming days.
Upside Potential Limited
Upward movement remains capped at 108. The overall outlook leans bearish unless significant momentum shifts occur.
Trading Strategy
Entry Point: Buy near 106.4, targeting the upper range at 107.5.
Stop-Loss: Strict 30-point stop on a confirmed breakout.
Key Data to Watch
Today's U.S. industrial production and capacity utilization reports could shape the index's short-term trajectory.
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