quantguy

DXY Bull Wedge

Long
TVC:DXY   U.S. Dollar Index
The US dollar has strengthened and continues to form a bull wedge pattern. We are seeing resistance from 99.40 as anticipated. The DXY appears to be rejecting this level for the moment, but is finding support at 98.82. If we are able to break out the next target is 99.82. If we retrace further we should have storng support at 99.24, with a floor price of 97.73 or or 97.89.

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