The DXY once again failed to hold onto levels above the 50% Fibo retracement level of 91.322 for the third consecutive session yesterday which is threatening my view of a move towards the target range between 91.825 and 92.388. Technical indicators on the DXY are still holding buy signals but the momentum is fading. The next support rate for the index lies at 90.978, its 10-day MA, and a close below this level could confirm the loss of upside momentum for the dollar.
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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.