As we have known for a while DXY (USD) has been steadily bullish and recent price action from last week has confirmed this trend is not yet over!
We saw a double bottom form around 97.15 and price action pushed higher breaking minor resistance and tested it as support before pushing up again with a high volume bullish candle.
Our next minor level of resistance is around 98.40 (blue line) which if broken we could see price action push up toward our higher time-frame resistance level, our monthly zone around 99.50.
Keep this in mind for all USD pairs, this thing is bullish so trade accordingly!
We saw a double bottom form around 97.15 and price action pushed higher breaking minor resistance and tested it as support before pushing up again with a high volume bullish candle.
Our next minor level of resistance is around 98.40 (blue line) which if broken we could see price action push up toward our higher time-frame resistance level, our monthly zone around 99.50.
Keep this in mind for all USD pairs, this thing is bullish so trade accordingly!