Hi Traders!
DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level.
104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The market has just completed the bullish three-drive pattern, which further supports our bullish bias on DXY.
The next target is likely to be the psychological 150 level, and then we have the six-month resistance level at 145.488.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level.
104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The market has just completed the bullish three-drive pattern, which further supports our bullish bias on DXY.
The next target is likely to be the psychological 150 level, and then we have the six-month resistance level at 145.488.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX