On daily chart, there is a broadening pattern and DXY seem to be reversing from top. Broadening patterns are typically bearish in nature hence chances are it'll go down from here till lower end of broadening pattern. It may further decline from there till the green support zone.
Note
Apparently not! Having said that, the view doesn't change. It would probably make a move towards the upper channel line once again and then reverse from there.
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Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
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.