The USD since its recent rally is now testing a strong level of daily and weekly supply, also on the LTF price is over extended and overbought and i am now expecting a retracement and new HL's to be formed.
My overall bias has not changed at all i see DXY eventually smashing through this zone and new multi year highs being formed but after we create some liquidity above to move into - remember DXY controls the majority of the markets so use this analysis to align with your bias on specific USD related instruments.
My overall bias has not changed at all i see DXY eventually smashing through this zone and new multi year highs being formed but after we create some liquidity above to move into - remember DXY controls the majority of the markets so use this analysis to align with your bias on specific USD related instruments.
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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.