U.S. Dollar IndexShort
DXY is approaching its resistance, potential reversal!
DXY is approaching its resistance at 90.08 (61.8% Fibonacci retracement, horizontal pullback resistance) where it could potentially reaction off it, causing price to fall to its support at 89.67 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). We have also identified another resistance at 90.28 (61.8% Fibonacci extension, 76.4% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding could occur.
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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.