DXY finds itself on a weekly trendline that acted as resistance previously and now the price had its first reaction to it. Only time will tell if it will manage to send the price back down or not. A weekly close above the 93.012 can act as good indication that the Dollar can go higher, at least to 94.50 and maybe even higher. And a weekly close below the 91.81, can act as a good indication that it will test previous levels, like to the trendline acting as support, or maybe even lower than that. Either way, there will be a nice opportunity to take advantage. Patiently waiting.
Chart PatternsdollarindexdxyindexTechnical IndicatorsmidtermneutralswingtradeTrend Analysiswaitingbreak
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