In lower timeframe, DXY was seen to rebound from minor support while it was going down from recent Jerome Powell news, and recovers few minutes later, back to its range price. From there it does not continue to break the highs and retrace back down. From here onward it is not clear where the price will move therefore the best options is to wait the price to atleast break the news lows to continue going down MOMENTARILY to 102.6. From there we will wait FOMC news and expected the price will continue to rise higher.
Kommentera:
It has finally reach very near to 102.6 . From here on it will continue going up