Ichimoku cloud indicator analysis of USDX for April 11, 2018

The Dollar index is in a bearish trend. We warned that a break and stay below the 4 hour cloud was a bearish sign. Price is breaking below support levels and is heading towards 2018 lows.

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Blue lines - trading range

On a daily basis, the Dollar index is still moving sideways. The price is below the cloud and could very well challenge the lower trading range boundary at low 88's. Resistance that bulls must break for a big bounce to follow is at 90.55.

The material has been provided by InstaForex Company - www.instaforex.com