DXY is testing its support, potential for a bounce!
DXY is testing its support at 89.52 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal overlap support) where we could see a bounce causing it to rise to its 1st resistance at 90.19 (76.4% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance). If it breaks past this level, it could rise to its 2nd resistance at 90.44 (100% Fibonacci extension, swing high resistance). We have also identified another support at 88.93 (100% Fibonacci extension, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its support 0.614% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support 0.614% where a corresponding bounce could occur.
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Disclaimer
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.