DXY Will Move Higher! Long!
Please, check our technical outlook for DXY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 101.715.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 102.276 level.
P.S
Please, note that an overbought condition can last for a long time, and therefore being overbought doesn't mean a price rally will come soon, or at all.
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