DXY bounced nicely off its support, potential to rise!
DXY tested its support at 89.52 (61.8% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support) and could potentially rise to its 1st resistance at 90.99 (61.8% Fibonacci extension , 100% Fibonacci extension , long-term 61.8% Fibonacci extension , 61.8% Fibonacci retracement , 38.2% Fibonacci retracement , horizontal overlap resistance). If it breaks past this level, it could rise up to its 2nd resistance at 91.75 (50% Fibonacci retracement , 78.6% Fibonacci retracement ). We have also identified another support at 88.27 (horizontal swing low support).
Stochastic (89, 5, 3) shows a bounce off its support at 1.158 where corresponding reaction could occur.
Stochastic (89, 5, 3) shows a bounce off its support at 1.158 where corresponding reaction could occur.
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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.