DXY (USD Index) Daily Time frame 12/28/19
DXY Idea
Higher time frames are bullish but we have seen daily transitions happening.
We have seen support broken around 97.20 followed by a daily lower high form which suggests a strong bearish trend.
Currently we are looking for a retest of resistance at 97.20 before pushing lower. Continue to look for lower highs are more bearish setups.
If this trend were to turn bullish we would want to see resistance broken and retested around 97.75
Higher time frames are bullish but we have seen daily transitions happening.
We have seen support broken around 97.20 followed by a daily lower high form which suggests a strong bearish trend.
Currently we are looking for a retest of resistance at 97.20 before pushing lower. Continue to look for lower highs are more bearish setups.
If this trend were to turn bullish we would want to see resistance broken and retested around 97.75
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