As presented on the chart we can see our straight trading channel between key support (91.000) and resistance (91.600).
Currently we see the support holding for a pivot to reset trend back to retest 91.600. 91.600 is the next key resistance for DXY continuation.
For our technical indicators we can see MACD/SIGNAL setting up for an initial cross. The cross will set momentum to make a cross up through zero line. This will complete our RSI loop out of oversold zone gaining momentum to breach overbought zone
Please comment with thoughts and ideas. Thank you.
Currently we see the support holding for a pivot to reset trend back to retest 91.600. 91.600 is the next key resistance for DXY continuation.
For our technical indicators we can see MACD/SIGNAL setting up for an initial cross. The cross will set momentum to make a cross up through zero line. This will complete our RSI loop out of oversold zone gaining momentum to breach overbought zone
Please comment with thoughts and ideas. Thank you.
