Since the end of January, I have been anticipating a correction in the 
DXY , with a target around the 106 support level.
This correction has unfolded as expected, with the Dollar Index touching 106 on Monday, followed by another test and reversal yesterday.
A key observation is that since the early February spike, the DXY has been trading within a falling wedge—a pattern that often signals a potential reversal.
What’s Next?
✅ Bullish confirmation would come with a daily close above the 106.60–106.70 zone. If this happens, we could see a move up to 108.50, a key resistance level.
✅ Interim resistance sits at 107.30, which could also act as a potential target for bulls.
Trading Implications:
If the Dollar Index confirms an upside breakout, it could present selling opportunities in
EURUSD , 
GBPUSD , 
AUDUSD , and 
NZDUSD .
DXY , with a target around the 106 support level.This correction has unfolded as expected, with the Dollar Index touching 106 on Monday, followed by another test and reversal yesterday.
A key observation is that since the early February spike, the DXY has been trading within a falling wedge—a pattern that often signals a potential reversal.
What’s Next?
✅ Bullish confirmation would come with a daily close above the 106.60–106.70 zone. If this happens, we could see a move up to 108.50, a key resistance level.
✅ Interim resistance sits at 107.30, which could also act as a potential target for bulls.
Trading Implications:
If the Dollar Index confirms an upside breakout, it could present selling opportunities in
EURUSD , GBPUSD , AUDUSD , and NZDUSD .Trade ist aktiv
107.30 target hit.Let's see if we have up continuation from here
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💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.