US Dollar Index (DXY)

This is my first analysis for the US Dollar index.

The US Dollar rallied up in the early asian session today (Wednesday), Recovering over 50% of the drop from the NFP report on Friday.

• If this level holds, which technically shows good support area, then we may see it play back in the ranges from last week
• Daily chart shows bullish momentum.

AUDUSD Trade Setup 14th January

AUDUSD Trade Setup 14th January

Yesterday my trade setup for a short has resulted around 70 pips and could still go for more, Personally i only took 30 pips.

Today Conditions have changed, and i am looking for opportunity to go long again from a high probability area

- Confluence of fib ext 200 and 127.2

- also a fib 38.2

- Also an area of previous resistance which now should be support (touched two times, over the last month)

**Updated** 15:18GMT Tuesday

Order has filled and bounced exactly from the fib 200 level which is good reaction., still early days, so need to watch closely as we hit fib levels.

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below