The monthly candle is still active which shows that it bounced from the daily level which I marked in blue previously. This means that It made a double top on a lower time frame and now it is moving lower. I need to see if the price is able to reach the lower level at around 100.00 (Round number) before the end of this month currently it is at 103.815.
**Weekly Chart:**
The weekly candle closed lower, projecting for other currencies to go higher against DXY in the upcoming week.
**Daily Chart**
CPI news was on Tuesday which moved the price lower. See the big candle on the weekly. The trajectory for lower movement in the coming weeks.
**Weekly Chart:**
The weekly candle closed lower, projecting for other currencies to go higher against DXY in the upcoming week.
**Daily Chart**
CPI news was on Tuesday which moved the price lower. See the big candle on the weekly. The trajectory for lower movement in the coming weeks.
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