Last week in DXY, we saw DXY breaking the neckline of it's head and shoulders pattern and moving downwards with a gain in strength on Friday.
As we move forward with a new week, I'm looking for dollar to recover, and so with that in mind, if we get a pullback and test of 96.05 resistance zone, we can look for bearish opportunities with our target set at 94.33 zone. If the price breaks our first target, we will look for our next target at 93.83 zone. We also have another support in between our both targets, and for our second target to reach, we should look for 94.17 support to be broken.
As we move forward with a new week, I'm looking for dollar to recover, and so with that in mind, if we get a pullback and test of 96.05 resistance zone, we can look for bearish opportunities with our target set at 94.33 zone. If the price breaks our first target, we will look for our next target at 93.83 zone. We also have another support in between our both targets, and for our second target to reach, we should look for 94.17 support to be broken.