DXY has hit major resistance and is showing a serious sign of rejection- I'm marking this week as a major MTF top! My expectations are a slow bleed over the next few months, down towards support near the $102 area.
I AM still ultimately bullish on the dollar- so i'm thinking we'll hold $102 as support, and move towards the upside towards my final target of $109.
This $109 should act as major resistance; I have a HTF idea that is my preferred view on DXY! I've linked it below- it looks quite attractive from a technical perspective!
I AM still ultimately bullish on the dollar- so i'm thinking we'll hold $102 as support, and move towards the upside towards my final target of $109.
This $109 should act as major resistance; I have a HTF idea that is my preferred view on DXY! I've linked it below- it looks quite attractive from a technical perspective!
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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.