The next path for DXY.
The DXY has over the past few months seen a decline in price and this has been the most anticipated market move. Currently, the DXY is sitting on a very strong support and has shown sign of rejection, but i wouldn't advice you to be happy just yet because there is a trend-line just above that the DXY has continuously respected. The trend-line at 104.811 will be the determinant factor. A break and retest of the Trend-line will mean bullish for DXY. personally i hope to see a rejection at that trend-line to the downward side. This means that we hope to see a brief bullish trend on the USD pair. I am also Hoping that the CPI tomorrow pushes the DXY up towards the trend-line where it will then be rejected.
Follow me for more tips on
1. GOLD (XAUUSD)
2. DXY
3. EURJPY
4. USDJPY
5. AUDJPY
These are my super pairs.
Follow me for more tips on
1. GOLD (XAUUSD)
2. DXY
3. EURJPY
4. USDJPY
5. AUDJPY
These are my super pairs.
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