TayFx

DXY Technical Structure after Break of BW; Post NFP & DJT Covid+

Long
TVC:DXY   U.S. Dollar Index
After the broadening wedge was broken, price action remains solid as DXY continues it's climb upwards with consistent higher-highs and higher-lows. We are seeing a retest of the upper DTL of the BW--of which remains a solid level for resistance. This will be easy to take advantage of next week with the U.S. dollar.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.