VIDEO ANALYSIS: USD AT KEY SUPPLY ZONE
In this video update, we take a look at the DXY to see how the USD is shaping up for the week ahead.
Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily
chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here
on the lower timeframes we could see the USD fall back to re-test the $96.60 demand zone.
Our idea will be invalidated if price breaks the resistance and closes above $97.70.
Last weeks close was significantly bullish with price closing back into the $97.50 resistance. The daily
chart shows price forming a bearish inside candle at the resistance and if we see any bearish pattern form here
on the lower timeframes we could see the USD fall back to re-test the $96.60 demand zone.
Our idea will be invalidated if price breaks the resistance and closes above $97.70.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.