Dxyviews
DXY approaching support, potential for a further rise!
DXY approaching support at 96.27 where it could potentially rise further to 97.03.
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DXY Market Outlook | Daily Forex Market BreakdownDXY
Been very choppy. As you can see there was a huge wick to the downside rejecting off support perfectly. We are seeing a USD sell off with is causing USD weakness, another reason why we saw a big push to the upside with gold.
The market seems to be gearing up for some really big moves which is really good for us. January is looking really amazing and I am excited to help you absolutely crush it in 2020.
DXY reversed from resistance, potential drop!
DXY reversed off its resistance at 97.76 where it could potentially drop further to 96.60.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
DXY Market Outlook | Daily Forex Market BreakdownDXY
After a nice push below the trend line to our previously drawn area of support with absolute perfection. We are looking a little choppy now. Going a bit sideways. DXY is at very critical levels right now. We need to keep a close watch on the dollar index. If anything changes I will let you all know.
DXY approaching support, potential for a bounce!
DXY is expected to drop to 1st support at 97.63 where it could potentially react off and up to 1st resistance at 98.69.
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