DXY approaching resistance, potential to drop!DXY is approaching its resistance at 90.47 (100% Fibonacci extension x2, horizontal swing high resistance) where a strong reaction could occur, causing price to potentially fall to its 1st support at 89.52 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). We have also identified another resistance area at 91.01 (61.8% Fibonacci extension, L T 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance)
Stochastic (89, 5, 3) shows it testing its resistance at 96.6% where a corresponding reaction could occur.
