DXY/USD~ Nov-Dec Snapshot (4H Intraday)
Updated
DXY chart mapping/analysis for last week of November.TBC further details/write-up via ideas section.
Note
DXY/USD Write-up (29th Nov)- Well well, DXY caught a little bounce off Golden Pocket/lower range ascending parallel (white) confluence zone.
- Anticipate sellers to be lingering around ~103.20 resistance to push back down into confluence again, otherwise rips past 50% Fib into 38.2% Fib resistance zone.
- Also potential for bullish consolidation & bounce off parallel channel, ahead of key economic data at end of week (Core PCE; Unemployment Claims; Chicago/ISM/Final PMI's + Fed Chair Powell speaking...sheesh)
- Look for correlations with US yields, indices & precious metals.
- Never a dull moment in the markets haha.
DYOR.
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