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RealistFX
Jun 26, 2021 8:44 PM

DXY - CONSOLIDATING 

U.S. Dollar Currency IndexTVC

Description

Technicals:

Short term bullish TL with 3rd touch respected
Bearish Fib swing first showing rejections at 78.6% and now showing rejections on the second peak at 61.8%
Longer term bearish TL awaiting 3rd touch
4hr 800ema
4hr Support
Daily resistance

Key thing here is the 61.8% holding. If that's the case it means bearish market structure has been respected as it's failed to breach the previous peak.

In all honesty, I can see this bouncing within the range at 91.50 and 92.50 until NFP at the start of July.
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