U.S. Dollar Index

DXY- Broadening wedge needs confirmation

549
April was a bad month for USD, with the index losing 3 points from 93.50 to almost 90.50.
At this point, we are trading in the trend line support of what could be a broadening wedge.
However, this pattern needs confirmation and in my opinion, this would come with the index back above 91.50
I will stay on the bench when it comes to USD pairs for now and wait for clarification

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.