Renko technical analysis for the US dollar index shows that price action is currently at a strong support level, which could trigger an upside risk. The dollar index is quite likely to post a strong rally to the upside, targeting 98.00
Technical analysis of the US Dollar Index using Renko charts shows a very interesting price action pattern taking shape which can offer some great trading opportunities for those who can have the patience to wait for the right set ups. Learn more on the US Dollar Index Renko analysis.
With less than 6 days to go for the US Federal Reserve to meet and decide on the interest rate policy with a strong conviction that the Fed will be hiking rates on December 16th, the US Dollar Index is definitely an instrument to watch out for.