USD Index Price Movement For July 01, 2020

analytics5efc077b24afd.jpg

On the 4-hour chart, we spotted the Divergence between the Stochastic Oscillator and the USD index price. Based on this information, we see a potential for the #USDX to go down for testing the 97.11 level as long as USDX does not go up and closes above 97.50. Then, the 97.11 will still remain the prime target for the USD Index.

(Disclaimer)

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