As we can see price has correlated since creating this new higher high after a breakout of this descending TL, and we can see that we are on a strong recent support level backing up this idea that we are due a break to the upside with DXY also breaking out of its descending TL and oil still looking weak.
if you watched Daily time frame, you will see something different
TheBearTrader1
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@sphamandlathabani19, My overall bias on the daily is bearish, this is why i have highlighted only a little move, however FOR me we do not have enough confluences that is going to push price down. I also belive that DXY is ready for a push higher, as well as USDJPY, and EURUSD and GBPUSD are ready for moves lower, which correlates with this pair. Everything just depends on trading styles:)