DXY Pivots Off Our Levels!!
The DXY has pivoted from lows at 97.73, as per our analysis. We called out 97.73 as a support level and it held like a charm. We also anticipated the DXY to continue the range it has established between these lows and 99.40. We are currently roughly in the middle of this range at the time of this writing, meandering in the vacuum zone between 98.22 and 98.82. We are starting to see some indication that we are encountering resistance here as confirmed by three red triangles on the KRI, and potentially might be establishing another technical level. It could go either way at this point. Watch for support at 97.73 if we reject current levels. If momentum can resume watch for resistance at 98.82, then 99.40.
Join my discord at discord.io/quantguy
Related publications
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.