ICmarkets

DXY Approaching Resistance, Potential Reversal

Short
TVC:DXY   U.S. Dollar Index
DXY approaching its resistance at 95.62 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 94.74 (50% Fiboancci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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.