If the dollar breaks above 97.00 then we can short other foreign currencies against the dollar. If it does not then we are bullish on foreign currencies. I use DXY as extra confirmation, you can see on my published idea NZDUSD I am bullish but waiting patiently for DXY. Waiting for price action to validate or invalidate our ideas. Good luck.
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.