Here is an update on DXY
RECAP:
In our previous analysis on the DXY we expected the DXY to drop to 90.4-90.3 range and find some resistance in breaking below this range. We expected a rebound to 90.6 then a continuation to the downside. And this is what is currently happening at the moment.
Currently DXY is trading at 90.6
WHAT TO EXPECT:
We expect DXY to find resistance at 90.8-90.6 range where it is currently trading. A break above 90.8-90.6 will send DXY back to 91.0
Link to our previous analysis in linked below
RECAP:
In our previous analysis on the DXY we expected the DXY to drop to 90.4-90.3 range and find some resistance in breaking below this range. We expected a rebound to 90.6 then a continuation to the downside. And this is what is currently happening at the moment.
Currently DXY is trading at 90.6
WHAT TO EXPECT:
We expect DXY to find resistance at 90.8-90.6 range where it is currently trading. A break above 90.8-90.6 will send DXY back to 91.0
Link to our previous analysis in linked below
