A follow up update to my original DXY chart I posted back in January 2020. So far it's played unexpectedly well, my original analysis were during pre-Covid market but when news was already aware of a new coronavirus spreading in China.
The near term trendline has been broken as August candle closed bearish. There may be some dollar strength within the first week of September until the 2nd week but historically the USD is entering it's weak seasonality phase so bears are likely to continue again.
88.5 - 89.9 are the levels I am watching.
The near term trendline has been broken as August candle closed bearish. There may be some dollar strength within the first week of September until the 2nd week but historically the USD is entering it's weak seasonality phase so bears are likely to continue again.
88.5 - 89.9 are the levels I am watching.
