The NFP numbers came out this week and DXY traded higher breaking out of the months long consolidation zone it has been in. That's probably what the market was waiting for (news/reports)...
With all that, comes a bullish bias and into the next week of trading I will be watching for DXY to "top out". There is some higher timeframe resistance zones coming in around 104 and 106 so I would expect to see a top around one of those price levels.
Ultimately I am looking for a higher low to form to then start building long entries.
With all that, comes a bullish bias and into the next week of trading I will be watching for DXY to "top out". There is some higher timeframe resistance zones coming in around 104 and 106 so I would expect to see a top around one of those price levels.
Ultimately I am looking for a higher low to form to then start building long entries.
Comment:
Markets will be opening up here in about 30 minutes, I will be watching for this to open up with some strength
