US INDEX/DXY: IDEA
Currently DXY is trading @ 92.138
In our previous analysis we expected the pair to fall to 92.3 which was 50% Fib Retracement,
However the pair has fallen below this & is currently @ 61.8% retracement
DXY is currently trading near support @ 91.980
If it breaks below this support then we would expect it to fall to the next support @ 91.330
But if the pair continues to treat it as support & manages to break above the current downtrend line
We would expect it to go back to 93.4 & attempt to reach 94
Link to our previous analysis below
In our previous analysis we expected the pair to fall to 92.3 which was 50% Fib Retracement,
However the pair has fallen below this & is currently @ 61.8% retracement
DXY is currently trading near support @ 91.980
If it breaks below this support then we would expect it to fall to the next support @ 91.330
But if the pair continues to treat it as support & manages to break above the current downtrend line
We would expect it to go back to 93.4 & attempt to reach 94
Link to our previous analysis below
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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.
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.