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Klimex
Apr 10, 2019 2:00 AM

DXY Approaching Support, Prepare For A Bounce Long

U.S. Dollar Currency IndexTVC

Description



DXY is approaching its support at 96.86(100% Fibonacci extension , horizontal swing low support, 38.2% Fibonacci retracement) where it could potentially bounce to its resistance at 97.47 (100% Fibonacci extension, horizontal swing high resistance).

Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.

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Comments
InvestingScope
96.00 - 96.20 is a much more likely rebound spot based on the 1W Channel Up:

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