DXY Technical analysis
The weekly chart of DXY formed a round bottom pattern and made a strong bullish move.
It faced resistance around the value of 95.18. Its is currently trading near the 9-EMA which also coincides with the murray math line 4/8 value(support zone).
Since both these are strong support zones,we can expect a good up move in short-term and once it crosses the resistance,a major move can be witnessed.
It faced resistance around the value of 95.18. Its is currently trading near the 9-EMA which also coincides with the murray math line 4/8 value(support zone).
Since both these are strong support zones,we can expect a good up move in short-term and once it crosses the resistance,a major move can be witnessed.
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