DXY has found Support on S1 (100.800) and turned rather sideways on 1D as also shown by its technicals (RSI = 46.877, MACD = -0.410, ADX = 14.027). The RSI carries strong similarities with the November-January decline so as long as the price trades under the 1D MA50, we will be bearish aiming at the Channel Down bottom (TP = 99.000). If it closes a candle over the 1D MA50, we will turn bullish short term aiming at the Channel's top (TP = 104.000) and then sell.
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##