DXY approaching support, potential bounce!
DXY is approaching our first support at 90.98 (horizontal pullback support) and a strong bounce might occur above this level, pushing our price up to our major resistance at 91.68 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias.
RSI (55) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is also seeing a bullish exit and we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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