You can see the battle over the blue dashed trend-line. This is an important trend-line from the weekly chart.
A daily close above this line would suggest a bullish breakout. $17.50 (previous high would be the next resistance)
Will post a weekly chart in the comments to show the trend-line I'm referring to.
DXY hitting resistance so I expect a move higher.
Price seems well supported even with DXY moving higher and near YTD highs....
A daily close above this line would suggest a bullish breakout. $17.50 (previous high would be the next resistance)
Will post a weekly chart in the comments to show the trend-line I'm referring to.
DXY hitting resistance so I expect a move higher.
Price seems well supported even with DXY moving higher and near YTD highs....
Note
Weekly chart for reference....
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.
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.