If you look at the DXY chart, you can see that the DXY is still retesting the previous wave 4; however, unable to break it. Not breaking the previous wave 4 on DXY may give us a great opportunity to sell USD pairs such as USD/CHF and USD/JPY.
Now looking at this chart, we can see USD/CHF touching the resistance line and I expect this zone to be a great sell zone with a stop loss right above in case the DXY manages to break the previous wave 4 for more upside.
Our first target will be 0.90794 which is the previous bottom. Breaking it will signal more weakness to the downside.
Now looking at this chart, we can see USD/CHF touching the resistance line and I expect this zone to be a great sell zone with a stop loss right above in case the DXY manages to break the previous wave 4 for more upside.
Our first target will be 0.90794 which is the previous bottom. Breaking it will signal more weakness to the downside.
