DXY short term correction?
If you cannot trade the DXY, a very highly correlated pair is the USDCHF, we are bouncing off the top range of the channel which is about the 0.765 Fibo Level.
Target 1 - bottom of the channel 1.004 area
Target 2 - 0.98000 area
Stop Loss - above recent high 1.017-1.018 area
Target 1 - bottom of the channel 1.004 area
Target 2 - 0.98000 area
Stop Loss - above recent high 1.017-1.018 area
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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.