In my idea posted last Friday I pointed out that 104 and 106 were HTF resistance and would expect to see a top at one of those price levels, well, it looks like 104 might be that top. Last week we caught USDCAD and USDSEK on the way up, GBPUSD on the way down, and now it may be time to rework the charts and focus on EU, GU, UJ, and UC.
All this week DXY has been trading in a range until earlier this AM when said range broke. We are currently retesting the price levels DXY fell away from and if we get a lower high here this chart has a very nice technical set-up; wedges, market structure, Fibonacci, and trendlines are all in sync.
I will be watching for DXY to respect this trendline and using the Fibonacci extension tool for targets
All this week DXY has been trading in a range until earlier this AM when said range broke. We are currently retesting the price levels DXY fell away from and if we get a lower high here this chart has a very nice technical set-up; wedges, market structure, Fibonacci, and trendlines are all in sync.
I will be watching for DXY to respect this trendline and using the Fibonacci extension tool for targets
