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📊 DXY Hits Major Resistance Zone
U.S. Dollar Index
Short
📊 DXY Hits Major Resistance Zone
By AlanSantana
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Sep 21, 2023
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Sep 21, 2023
The DXY hit its highest level since March 2023, entering a strong resistance zone.
The daily session is about to close on a strong bearish note.
We have a bearish pattern as well on the chart:
This is a drop that we have been expecting.
This rally has been going for 69 days now.
We have bearish divergence with the RSI since August.
A curve, rounding top, is starting to form on the MACD.
Going by past history, the next target can vary between 100 and 98.
Namaste.
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