abhivik

DXY weekly analysis 6 August onward

Long
TVC:DXY   U.S. Dollar Index
Last week DXY performed as expected, but was just few pips short from the said target at 95.52 price zone.
As we move forward in new week, if the price gives a test at 94.86 price zone, we can may look for bullish formations with the target set at 95.52 price zone which is also our target from last week.
If the price breaks 95.52, then we'll look for our next target at 95.93 price zone.
We should also consider the fact that DXY has been ranging from quite some time now, and so the price may be back in ranging zone after hitting 95.52
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