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Mihai_Iacob
Feb 19, 2021 5:02 AM

DXY- A new leg up is more and more probable  Long

U.S. Dollar Currency IndexTVC

Description

After reaching 89.20 low, Usd Index seemed to have found some life and corrected to 91 zone.
A new attempt from bears was met with strong buying in 90 zone and at this point, it looks like we have a higher low in place.
I expect a new leg of correction from DXY and my bullish bias will remain intact as long as 90 support is intact.
My target for Usd Index is 92 resistance and I will look to sell EurUsd and AudUsd and buy UsdCad into this correction
Comments
CobraVanguard
great analysis
Dave-FX-Hunter
Excellent point
Mihai_Iacob
Stargazer_fx
thanks for the analysis
Mihai_Iacob
@Stargazer_fx, thanks for comm:)
Traderwell
Am a bit confused the $ gets weaker .
KlejdiCuni
Beautiful Chart!
ALPHA_PROJECTION
Bravo... I like it, thanks for sharing
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