DXY Situation

Hello Traders,

Hope you all are doing good!!

The Situation on DXY remains same.
As mentioned in my last post we are still looking for the breakout above the upper trend line of triangle.

This idea is backed up by
1) the 200MA on weekly timeframe which is currently at 96.45
2) Support on the Triangle's Lower Trend Line.
3) Strong Support Zone on Daily TIme Frame.

Also, last week the price tried to break the triangle forming a DOJI on daily timeframe.

Watchout for the breakout on daily timeframe this week.