DXY
fails to break 95 on 3 attempts. Thus, demand is not supportive of a higher DXY. index is expected to retest and retest support at 93. Momentum indicator, MACD, is already bearish and has just witnessed Bearish Divergence. MACD is expected to trade towards its zero line. Technical view is negated is DXY closes above US$95.50.
Trade closed: target reached