DXY Broken Resistance, Long Target @104.5-105.00 area
Every trader noticed the extremely bullish week the US Dollar had. UJPY, UCHF and many others went up and AU and those ones went down very strongly. The question we must ask, is will this newfound dollar strength hold? And if it does, then for how long?
I think the answer to that question is that it is likely to go up to the 105.00 area, perhaps slightly less than that, so maybe 104.50 to 105.00 zone. Along with this, USDJPY and USDCHF will likely go up, both of which presented me with long opportunities as the markets closed.
Will be looking at where DXY heads next week.
Bullish for now.
I think the answer to that question is that it is likely to go up to the 105.00 area, perhaps slightly less than that, so maybe 104.50 to 105.00 zone. Along with this, USDJPY and USDCHF will likely go up, both of which presented me with long opportunities as the markets closed.
Will be looking at where DXY heads next week.
Bullish for now.