As you could see in the chart, the DXY made an ascending channel last week. It hit multiple highs and evened out with a slight retracement. It now stands in a level that could see major confluence in direction it'll possibly go to. A break in any direction from an ascending channel can adjust your possibly entries in either longs or shorts in this upcoming week with the DXY.
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.