DXY Both Sides

Last week we saw a big growth on US dollar and price is bouncing on the ascending trend line.

Currently, price has approached the Weekly High and could not close a candle above this level and is being pushed to the downside.

I expect a downside move for US dollar at least to 92.85 which is a support level and after that we should wait to see how price reacts to this level:

1. If price could not break 92.85 to the downside and got rejected by it, we can expect a rise to 93.75 which is the Monthly High.

2. If price breaks 92.85 and closes a candle below this level, we can expect more drop for price to test the ascending trend line which is also around the Weekly Low either (92.300).