The DXY is forming a strong base at the bottom, showing clear signs of accumulation after a long downtrend.
Price has started pushing upward and is now approaching the secondary resistance line. A breakout here could open the path toward the primary resistance zone, which has capped rallies in the past.
The RSI is also trending higher, supporting this potential move.
If bulls clear the red resistance line, momentum could accelerate quickly.
DYOR, NFA
Price has started pushing upward and is now approaching the secondary resistance line. A breakout here could open the path toward the primary resistance zone, which has capped rallies in the past.
The RSI is also trending higher, supporting this potential move.
If bulls clear the red resistance line, momentum could accelerate quickly.
DYOR, NFA
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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.