analysis DXY
Given the break of the price level at 100.618, it is predicted that the price may potentially reach the next lower support level. However, within the range of this next support, there is also a price order block. Therefore, according to the chart, the critical price level where liquidity can be gathered and a decisive move towards expansionary monetary policy by the central bank can be confirmed is at 99.369.
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.