Klimex

DXY Bounced off Support, Prepare For A further rise

Long
TVC:DXY   U.S. Dollar Index


DXY bounced off its support at 97.03 (61.8% Fibonacci extension , horizontal swing low support, 23.6% Fibonacci retracement) where it could potentially bounce to its resistance at 97.69 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.

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