SimplyFxCharts

Dollar retrace short term around 96..

INDEX:DXY   US DOLLAR CURRENCY INDEX
The dollar looks distorted as delaying downside making a new highs continually but the move wasn't solid over a more than one year, the weekly could make a higher highs and close higher before attempt lower move to around 93.
The upside for dollar is around cross 100
Comment:
Bullish on the output on DXY, given the recent rally 15 march and 16 march and subsequently, the retrace on two weeks was a presumption continually rally on the uptick. Estimated 9931 to 9947
Comment:
Began to question on why did highest person on the seat play down on U.S supreme authority pushing to weaken the dollar in this global world economy.
DXY current at 9981 trading lower past month of it's highs and could see further drop to 9950 or a about 6 dojis forward.
At 9878 is untouched at this junction.
DXY current 9978 is working at an equilibrium level, like a squeeze on both sides awaiting. For now, DXY is fairly weak trading below 10058.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.