USDX exposing extended targets
In line with our previous technical comments on the USDX, prices have acted in response to the double top pattern caught on April 29 via entering the free-fall zones below 96.20.
USDX is presently moving below our detected technical objective at 93.70, accompanied by consecutive negative pressures from Parabolic SAR and coverage from moving averages.
Meanwhile, RSI14 continues to move deeper inside oversold territories, supporting the technical idea of resuming the downtrend started at 100.40.
The daily studies re-new short calls for USDX over short-term basis, aiming to challenge next classical support in the 92.60 regions, while weekly chart affirms our constructive outlook.