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 .Transaction en cours
107.30 target hit.Let's see if we have up continuation from here
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 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
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.