Price broke out of downtrend and saw buy pressure at monthly support (0.83600). After breaking out of downtrend channel, price entered LTF consolidation, expect price to continue to consolidate or break out the zone and make a move towards the upside to weekly resistance (0.87000). As always, watch PA to confirm trade is still active.
Expect a move then exhaustion. Clear rejection to the downside just needs the momentum for the move to progress. On the exhaustion, look for p/a confirmation. DXY could make a move to the downside if it sees resistance at 98.00, this would confluence with the analysis.
