Dollar Index rebound DXY higher
Last week I was expecting a reversal of the dollar index up through a rebound lower. However, decided to go higher without a rebound on a more classic accumulation breakdown pattern. Now we came to a strong resistance level 102.30 from which I expect a corrective bounce down and then continued growth to the next resistance 103.06-103.35. A pullback is possible around 101.70+-.
DXY
Last week I was expecting a reversal of the dollar index up through a rebound lower. However, decided to go higher without a rebound on a more classic accumulation breakdown pattern. Now we came to a strong resistance level 102.30 from which I expect a corrective bounce down and then continued growth to the next resistance 103.06-103.35. A pullback is possible around 101.70+-.
DXY Note
Dollar Index DXY approaches resistance The dollar index decided to ride straight to major resistance 103.06-103.35 without correction and then I expect a bounce down on correction. Since today at 15:30 the inflation data for September in the US, the movements will definitely be volatile and can make a culmination with a reversal on all fronts as last time. I expect a fall to the buyers' zone 101.56-101.85, and further I will specify, as a new rebound to continue growth is possible.
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FOREX|СМЕ - t.me/newwavetrade
Crypto - t.me/kovachcrypto
Crypto - t.me/kovachcrypto
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.