The DXY is in an ascending channel between the trend lines.
The price is moving from the dynamic resistance, which previously acted as a pullback point.
The chart has formed a harmonic pattern.
We expect the continuation of the decline in the channel.
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Trade closed: target reached
Our target was successfully reached and the chart declined to the lower boundary of the channel. Let's consider today the future fate of the DXY index.
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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.