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JamesFlem
Jan 10, 2023 10:41 AM

Key DXY levels to watch for rebound  Long

U.S. Dollar Currency IndexTVC

Description

Dollar is on support right now confluences being 61fib and major trend line and covid flight to safety high of 2020 this makes the level between 103-102.5 very interesting for a rebound.

if it does not bounce here id expect. small bounce at next technical level and then a major bounce at 100.

imo everything is lining ups dollar low, gold high stocks and indices are high look at DAX AND FTSE100 with SPX coming into key resistances. I expect reversal soon narrative of a bull run doesn't make sense at this point in time.
Comments
JamesFlem
bang on, dollar looks good from here
JoeChampion
Great view buddy!
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