FlowState

DXY Approaching Support, Prepare For A Further Rise

Long
TVC:DXY   U.S. Dollar Index
DXY is approaching its support at 95.98 (horizontal overlap support, 100% fibonacci extension , 61.8% fibonacci retracement ) where it could potentially bounce to its resistance at 96.28 (horizontal pullback resistance, 61.8% Fibonacci extension , 38.2% &50% Fibonacci retracement ).
Stochastic (34, 5, 3) is bounced off its support where a corresponding rise could occur.

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