Quick idea.
DXY is currently trading above its short-term upside support line, but in order to get comfortable with further upside, we need to see a clear push above the 98.45 barrier first, before examining higher areas. Such a move would confirm a forthcoming higher high and we may see more buying-interest of USD.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
DXY is currently trading above its short-term upside support line, but in order to get comfortable with further upside, we need to see a clear push above the 98.45 barrier first, before examining higher areas. Such a move would confirm a forthcoming higher high and we may see more buying-interest of USD.
Please see the chart for levels, targets and the alternative scenario.
Don't forget your stop-loss.
Note
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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.