The month did not end as bearish with a breakout to the downside, but the price returned up.
The whole week has been bullish where the price broke two resistance levels, at 33000.00 and 33600.00The price has gone outside of a daily downtrend channel which is suggesting turnaround in the market trend.
An important level for buyers is 33600.00 which needs to hold after the price makes a retrace.More By This Author:USDX Weekly Technical Analysis – Oct. 28, 2023
GBPUSD Analysis Today & GBPUSD Week Ahead Forecast – Oct. 28, 2023
EURUSD Analysis Today And EURUSD Week Ahead Forecast – Oct. 28, 2023