JinDao_Tai

Could the DXY break the channel?

TVC:DXY   U.S. Dollar Index
7th December 2023

DXY: Retracing, could test 103.80 (consolidate), bounce to test 104.25, with resistance at 104.55 (Alternate scenario, break channel and trade down to 103.55)

NZDUSD: Sell 0.6110 SL 20 TP 60 (hesitation at 0.6085)
AUDUSD: Buy 0.6610 SL 25 TP 60

USDJPY: look for retracement, Sell 145.80 SL 30 TP 115

GBPUSD: Buy 1.2605 SL 20 TP 50
EURUSD: Sell 1.0745 SL 20 TP 85

USDCHF: Sell 0.8730 SL 20 TP 45
USDCAD: Do nothing, look for reaction at 1.3640 resistance

Gold: consolidating, break out above 2043 could trade up to 2070

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