Short
DXY Intraday Overview
- US Dollar Index (DXY) breached the symmetrical triangle downwards and sustained downwards.
- It indicates that sellers are still strong, hence the structure remains downwards.
🔽 If the immediate support level of 97.80 (fib level 0.786) is broken again, then the price will continue its fall to the next support zone between 97.56 - 97.50
🔼 However, if the price manages to recover and break through the resistance level of 97.90, we can expect a further rise to the level of 98.00.
- It indicates that sellers are still strong, hence the structure remains downwards.
🔽 If the immediate support level of 97.80 (fib level 0.786) is broken again, then the price will continue its fall to the next support zone between 97.56 - 97.50
🔼 However, if the price manages to recover and break through the resistance level of 97.90, we can expect a further rise to the level of 98.00.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.