DXY: Broken Channel
As mentioned in my previous post about DXY, we were moving within a falling parallel channel. I expected it to break a little later, but we got our first weekly close above it last week.
From here, DXY can hit 105.4, which was previous resistance and where the 0.382 fib level is.
If DXY continues to show strength, we can expect the sell offs to continue in equity markets.
From here, DXY can hit 105.4, which was previous resistance and where the 0.382 fib level is.
If DXY continues to show strength, we can expect the sell offs to continue in equity markets.
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