DXY testing support, watch for potential rise!
DXY broke out of our descending resistance. A strong rally might occur at 90.08, pushing price up to our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension).
RSI (89) is also facing bearish pressure from our major descending resistance line and a breakout of this level might be a good precursor of a potential rise in price.
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RSI (89) is also facing bearish pressure from our major descending resistance line and a breakout of this level might be a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
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