Here is what we expect from the DXY in the coming week.
DXY hit new highs of 91.6 in the past week and fell to 91.0 on Friday due to NFP report.
Bearish butterfly formed at 91.6 on the 4H chart.
DXY still looks bullish as it is still within the ascending channel.
we expect it to continue to fall to 90.9 or 90.6 in the coming week then back to 91.6
Strong data from the US10Y might boost DXY in the coming week and send it back to 91.6 though a possible short is expected.
DXY hit new highs of 91.6 in the past week and fell to 91.0 on Friday due to NFP report.
Bearish butterfly formed at 91.6 on the 4H chart.
DXY still looks bullish as it is still within the ascending channel.
we expect it to continue to fall to 90.9 or 90.6 in the coming week then back to 91.6
Strong data from the US10Y might boost DXY in the coming week and send it back to 91.6 though a possible short is expected.