Fallen to a short term price action support area following last nights RBNZ plans for a unconventional monetary stimulus; potential for short term bullish trade ONLY if there’s clear support from DXY. DXY has been on a huge upsurge and has broken the 4hr TL subsequent to investor speculation of a bigger rate cut of 50 bps however could be time for a reversal to downside as it reaches resistance area identified using price action and bulls losing steam. On the flip side should DXY continue surging upwards, this pair could continue bearish momentum with next key level to watch being 0.67.
DXY:
DXY:
Note
DXY: 
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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.