ICmarkets

DXY Approaching Resistance, Prepare For A Reversal

Short
TVC:DXY   U.S. Dollar Index
XY is approaching its resistance at 97.69 (horizontal swing high resistance, 100% Fibonacci extension*2 ) where it could reverse down to its support at 97.03 (38.2% Fibonacci retracement , horizontal swing low support).

Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

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