DXY - 25Jan2022
On the daily, price bounced to 50MA where it is expected to face bearish pressure today.
On the H4, price bounced to descending trendline and Fib confluence resistance. With Stochastic forming negative bearish divergence, we could expect DXY to pull back to 1st Support at 95.550 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price bounced to 50MA where it is expected to face bearish pressure today.
On the H4, price bounced to descending trendline and Fib confluence resistance. With Stochastic forming negative bearish divergence, we could expect DXY to pull back to 1st Support at 95.550 today.
This is for personal record purposes only, not financial advise or solicitation of trade.