DXY dollar about to spring back to action

DXY held support forming a double bottom and bullish divergences on the 4H. MACD is timidly rising. Target is the quarterly resistance at 94.5.

Losing current support will send the dollar tumbling to 89.5.

Kommentera:

DXY crossing support. A bounce is needed to set in a bullish divergence

Kommentera:

Strong sell off

Kommentera:

DXY has slowed decent and formed a bullish divergence on the 4H

Kommentera:

DXY broke down from the rising channel. Retest of the channel is possible. 89.5 is the target at this moment. DXY has been very bearish not taking a pause or rest from plummeting.