ICmarkets

Potential drop on weakness!

Short
TVC:DXY   U.S. Dollar Index
Potential reversal at weakness at 90.98 (LT 61.8% Fibonacci extension, LT 38.2% Fibonacci retracement, 100% Fibonacci extension, multiple swing high resistance) where price could potentially drop to its support at 90.18 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding drop may occur.

IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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