DXY- Broadening wedge needs confirmation
April was a bad month for USD, with the index losing 3 points from 93.50 to almost 90.50.
At this point, we are trading in the trend line support of what could be a broadening wedge.
However, this pattern needs confirmation and in my opinion, this would come with the index back above 91.50
I will stay on the bench when it comes to USD pairs for now and wait for clarification
At this point, we are trading in the trend line support of what could be a broadening wedge.
However, this pattern needs confirmation and in my opinion, this would come with the index back above 91.50
I will stay on the bench when it comes to USD pairs for now and wait for clarification
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