DXY approaching resistance, potential for a drop!
Updated
approaching resistance at 90.34 (61.8% Fibonacci extension , horizontal swing high resistance) where it could potentially fall to its 1st support at 89.52 (61.8% Fibonacci extension , 100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support). We have identified another resistance area at 91.01 (61.8% Fibonacci extension , L T 61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance.)
Stochastic (55, 5, 3) shows a corresponding approach to its resistance at 96.68%. We have also identified a bearish divergence with price.
Stochastic (55, 5, 3) shows a corresponding approach to its resistance at 96.68%. We have also identified a bearish divergence with price.
Note
Reversing perfectly guys! Anyone in on this?
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