DXY testing major support, potential bounce!
DXY is testing major support area at 89.37 (Fibonacci extension, horizontal overlap support, fibonacci retracement) and a strong bounce could occur at this level to push price up to our next resistance at 89.93 (fibonacci retracement, horizontal overlap resistance). If it breaks this intermediate resistance, we could see price rise much further to major resistance at 90.43 (Fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is seeing strong support above 2.5% and a corresponding bounce could occur at this level.
Stochastic (89,5,3) is seeing strong support above 2.5% and a corresponding bounce could occur at this level.
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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.