DXY approaching resistance, potential for a drop!
Updated
DXY 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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) shows a corresponding approach to its resistance at 96.68%. We have also identified a bearish divergence with price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trade active
Looks like price is well on its way to our major support! Did you manage to ride this wave?
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