Mihai_Iacob

DXY- Would history repeat its self?

Long
TVC:DXY   U.S. Dollar Index
For 2 months now, DXY is in a consolidation with no clear direction.
I'm bullish USD in the medium term for quite some time and if we look at the last long consolidation from the beginning of 2018 we can see the structures are similar.
If history is to repeat its self we can expect the major pairs to fall and with AudUsd already in a downtrend, UsdCad with clear support and NzdUsd in the final stages of a H&S, here is where I will look for opportunities to buy USD

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