DXY - 24Jan2022
On the weekly, DXY bounced back last week. On the daily, price bounced above the ascending trendline but is facing bearish pressure from the 20EMA.
On the H4, price dropped from resistance around 95.80 and is now consolidating sideways within a range of 95.43 - 95.80. It is expected to consolidate sideways as trader awaits FOMC minutes coming Wednesday. If the price could close above 95.80, it is expected to bounce higher to 1st Resistance at 96.07
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, DXY bounced back last week. On the daily, price bounced above the ascending trendline but is facing bearish pressure from the 20EMA.
On the H4, price dropped from resistance around 95.80 and is now consolidating sideways within a range of 95.43 - 95.80. It is expected to consolidate sideways as trader awaits FOMC minutes coming Wednesday. If the price could close above 95.80, it is expected to bounce higher to 1st Resistance at 96.07
This is for personal record purposes only, not financial advise or solicitation of trade.