DXY - 13Jan2022
DXY dropped lower after US CPI came out higher than estimates. On the daily, it is coming into ascending trendline support. It may have a bit more downside to drop to 1st Support at 94.525. But we could expect a short-term bounce today or tomorrow.
On the H4 time frame, priced dropped lower after its market structure changed to lower highs and lower lows. As the higher timeframe is in support, there could be limited downside for DXY.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY dropped lower after US CPI came out higher than estimates. On the daily, it is coming into ascending trendline support. It may have a bit more downside to drop to 1st Support at 94.525. But we could expect a short-term bounce today or tomorrow.
On the H4 time frame, priced dropped lower after its market structure changed to lower highs and lower lows. As the higher timeframe is in support, there could be limited downside for DXY.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.
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.