DXY has been trading in a rising wedge since march of last year. The momemtum was very strong that it had broken all the resistance that came in its way. Currently it has the resistance ahead which is the confluence of horizontal & rising trendline. We expect it will take a hit from there and come back to atleast 97 area.
Alternatively, breaking above the horizontal resistance will call more bulls in the party and price will appreciate more sharply.
Trade your levels accordingly.
Alternatively, breaking above the horizontal resistance will call more bulls in the party and price will appreciate more sharply.
Trade your levels accordingly.
