DXY Neutral Idea
DXY played out exactly as we expected last week as it bounced from the 101.00 area and formed a bearish leg down to the 98.50 area.
We are almost at our key support around 98.50 where we should be cautious as we could easily see a bounce from this level.
Ideally we want to continue to see DXY range between 101.00 and 98.50
If we see a bounce from 98.50 look for strong bullish setups confirming a push higher.
DXY played out exactly as we expected last week as it bounced from the 101.00 area and formed a bearish leg down to the 98.50 area.
We are almost at our key support around 98.50 where we should be cautious as we could easily see a bounce from this level.
Ideally we want to continue to see DXY range between 101.00 and 98.50
If we see a bounce from 98.50 look for strong bullish setups confirming a push higher.
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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.