DXY has a uptrend channel that is still valid to us. The channel cover all the prices or positions in the first half year of 2019. Now it reached the middle line of the channel again which could be a pressure position with fibo 618 and waiting for a confirmation for rejection. This rejection could drag DXY down to the bottom line of the channel or lower band of bollinging band. RSI silightly DIV on 4h chart that could make us assumption quite reasonable. Fomc COULD make DXY go down lower position likt 96.8.
This possible new swing could also possible drag DXY down to break the channel which is too far to see right now. But we keep that possibility on our plan.
LESS IS MORE~
Comment
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Perfectly rejected from the fibo 618 down to hit 97.10 first.