DXY is still trading inside the range bond zone between 103.00 as resistance and 88.60 as support.
Inside this range we've this downtrend since we got rejected from the resistance zone during Corona Virus outbreak in March, now price is back at the support level @ 91.70 where price haven't traded since September 1st.
Rejection in this zone will set price higher, targeting around 93.60.
While a break below and retest holding of support probably will turn resistance will set price lower with target the next level of support @ 88.60
I think the direction which DXY will pick from here will be driving force of all US$ base and quote pairs.
Inside this range we've this downtrend since we got rejected from the resistance zone during Corona Virus outbreak in March, now price is back at the support level @ 91.70 where price haven't traded since September 1st.
Rejection in this zone will set price higher, targeting around 93.60.
While a break below and retest holding of support probably will turn resistance will set price lower with target the next level of support @ 88.60
I think the direction which DXY will pick from here will be driving force of all US$ base and quote pairs.